Cisco Reports First Quarter Earnings

SAN JOSE, CA — (Marketwired) — 11/15/17 — Cisco (NASDAQ: CSCO): $12.1 billionDecrease of (2)% year over yearRecurring revenue was 32% of total revenue, up over 3 points year over year$0.48 GAAP; $0.61 non-GAAP1% to 3% growth year over yearGAAP $0.46 to $0.51; Non-GAAP: $0.58 to $0.60Cisco today reported first quarter results for the period ended October 28, 2017. Cisco reported first quarter revenue of $12.1 billion, net income on a generally accepted accounting principles (GAAP) basis of $2