Cisco Systems (Nasdaq: CSCO) reported earnings yesterday. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Jan. 28 (Q2), Cisco Systems beat expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue grew and GAAP earnings per share increased significantly.

Margins increased across the board.

Revenue details
Cisco Systems logged revenue of $11.53 billion. The 36 analysts polled by S&P Capital IQ expected revenue of $11.23 billion. GAAP sales were 11% higher than the prior-year quarter's $10.41 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Non-GAAP EPS came in at $0.47. The 39 earnings estimates compiled by S&P Capital IQ predicted $0.43 per share on the same basis. GAAP EPS of $0.40 for Q2 were 48% higher than the prior-year quarter's $0.27 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 61.3%, 50 basis points better than the prior-year quarter. Operating margin was 23.7%, 600 basis points better than the prior-year quarter. Net margin was 18.9%, 430 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $11.47 billion. On the bottom line, the average EPS estimate is $0.45.

Next year's average estimate for revenue is $45.85 billion. The average EPS estimate is $1.77.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 10,310 members rating the stock outperform and 513 members rating it underperform. Among 2,070 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 2,000 give Cisco Systems a green thumbs-up, and 70 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cisco Systems is outperform, with an average price target of $21.20.

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