Cisco Systems (Nasdaq: CSCO) reported earnings on Feb. 19. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Jan. 31 (Q2), Cisco Systems met expectations on revenues and beat expectations on earnings per share.

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

Gross margins contracted, operating margins dropped, net margins increased.

Revenue details
 Cisco Systems logged revenue of $12.10 billion. The 36 analysts polled by S&P Capital IQ expected net sales of $12.06 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.

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

EPS details
 EPS came in at $0.51. The 36 earnings estimates compiled by S&P Capital IQ anticipated $0.48 per share. Non-GAAP EPS of $0.51 for Q2 were 8.5% higher than the prior-year quarter's $0.47 per share. GAAP EPS of $0.59 for Q2 were 48% higher than the prior-year quarter's $0.40 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 60.7%, 60 basis points worse than the prior-year quarter. Operating margin was 23.2%, 50 basis points worse than the prior-year quarter. Net margin was 26.0%, 710 basis points better than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $12.20 billion. On the bottom line, the average EPS estimate is $0.49.

Next year's average estimate for revenue is $48.66 billion. The average EPS estimate is $1.99.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 10,507 members out of 11,025 rating the stock outperform, and 518 members rating it underperform. Among 1,970 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,891 give Cisco Systems a green thumbs-up, and 79 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 $22.11.

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