Cisco has announced second quarter results.
Takeaway Points
- Cisco reports second quarter results.
- The company reported second quarter revenue of $14.0 billion.
- On Feb. 11, 2025, Cisco said it is revolutionizing data centers with smart switches.
Cisco Second Quarter Results
Cisco in a press-release on Wednesday reported its second quarter results for the period ended Jan 25, 2025. Cisco reported second quarter revenue of $14.0 billion, net income on a generally accepted accounting principles (GAAP) basis of $2.4 billion or $0.61 per share, and non-GAAP net income of $3.8 billion or $0.94 per share.
Chuck Robbins, chair and CEO of Cisco, commenting about the report, said, “Cisco’s strong quarterly results were driven by accelerating customer demand for our technology. As AI becomes more pervasive, we are well positioned to help our customers scale their network infrastructure, increase their data capacity requirements, and adopt best-in-class AI security.”
Scott Herren, CFO of Cisco, said, “Q2 was another quarter of solid execution which drove revenue and EPS above our guidance ranges. Splunk continues to perform in line with our expectations on the top line, and was accretive to Q2 non-GAAP EPS, earlier than we had planned. Our strong cash flows have led us to increase our annual dividend again this year, as well as our overall share repurchase authorization.”
The second quarter report
According to the report, the company declared a quarterly dividend of $0.41 per common share, a 1-cent increase or up 3 percent over the previous quarter’s dividend, to be paid on April 23, 2025, to all stockholders of record as of the close of business on April 3, 2025. Future dividends will be subject to board approval.
Cisco Revolutionizes Data Centers with Smart Switches
On Feb. 11, 2025, Cisco announced a family of data center Smart Switches, disrupting traditional data center network design by enabling networking and security services in a compact all-in-one solution. Utilizing programmable AMD Pensando data processing units (DPUs), the switch functions as a high-capacity, multifunctional service-hosting device, architecturally transforming data centers to simplify their design and make them more efficient.
Jeetu Patel, EVP and Chief Product Officer, Cisco, said, “Data center infrastructure needs to be reimagined for both AI training and inferencing workloads that dwarf even the largest enterprise jobs of the past. Simply upgrading data center infrastructure with higher ‘speeds and feeds’ switches does not address the requirements of modern data centers, which require acceleration of security and network services natively within the data center fabric.”
Soni Jiandani, senior vice president and general manager, Networking Technology and Solutions Group, AMD, added, “Cisco’s innovative approach to data center design, leveraging leadership AMD Pensando DPUs, marks a significant milestone in transforming enterprise infrastructure to address the evolving security demands of data center networks while dealing with the fast paced AI deployments. Our collaboration with Cisco enables enterprises to achieve high-capacity throughput and impressive network security without compromising on workload performance on Cisco UCS servers or Hypershield enabled platforms. Together, we are paving the way for a new era of intelligent, adaptive, and secure data centers.”
Cisco’s first integrated offering, the Smart Switch with Cisco Hypershield, introduces a new approach to securing AI data centers by connecting security directly into the network fabric, the report stated.
