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February 12, 2015updated 12 Apr 2017 3:54pm

$11.9bn Q2 revenue for Cisco

Cisco reported a revenue of $11.9bn (€10.52bn) for the second quarter of its financial year, ending 24th January 2015.

By Sotiris Kanaris

Cisco reported a revenue of $11.9bn (€10.52bn) for the second quarter of its financial year, ending 24th January 2015.

The global IT provider’s revenue was up by 7% in relation to the same period the year before, when it was $11.2bn.

Revenue for the first six months of fiscal 2015 was $24.2bn, compared with $23.2 billion for the first half of fiscal 2014.

Cash flows from operations remained constant year on year at $2.9bn, but $0.4bn higher than the first quarter.

In addition, Cisco repurchased approximately 44 million shares of common stock under the stock repurchase program at an average price of $27.63 per share for an aggregate purchase price of $1.2 billion during the second quarter of fiscal 2015.

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