Cisco Systems, Inc (NASDAQ: CSCO) stocks rose 3.3% on 16th August,2018 (as on 12:36 PM GMT-4 Source: Google Finance) . There was an accelerated growth in the product orders of 7%, the total revenue was 12.8 billion which is 6% higher than the last year. The non-GAAP operating margin rate is 30.9%, non-GAAP net income was 3.3 billion which grew 8% from the last year and non-GAAP EPS was $0.70, up 15%.
The total product revenue rose 7% with broad strength all through the portfolio. Infrastructure platforms grew 7% due to growth in all businesses except for routing which had a little less growth. Security had increased by 12% with strong performance in network security, unified threat, policy and access, and web security. Service revenue saw an upfront of 3% driven by growth in advanced services as well as software and solutions support.
Revenue from subscriptions was 56% of the total software revenue which saw an increase of five points yearly. There was a good growth in the deferred revenue which was up 6% in total with product up 15% and services up 1%. Deferred product revenue from our recurring software and subscription offers was 6.1 billion, up 23%.The company ended the quarter with total cash, cash equivalents, and investments of 46.5 billion. The operating cash flow was 4.1 billion which increased 2% with free cash flow of 3.9 billion.
The company delivered solid revenue, margins, net income, EPS, and operating cash flows. Revenue was 49.3 billion with a growth of 3%, non-GAAP operating margin rate was 31.1%, non-GAAP net income was 12.7 billion which increased by 5% and non-GAAP EPS was $2.60, up 9% whereas company’s total non-GAAP gross margin was 63.8% which had a decrease of 0.05 basis points .GAAP net income was 110 million and GAAP EPS was $0.02 which includes the charges related to the Tax Cuts And Jobs Act of 10.4 billion. the company generated an operating cash flow of 13.7 billion, which was increased 8% normalized for the tax payments. The company returned 23.6 billion to shareholders over the year which represented 184% of the free cash flow.