Cisco: Q4 EPS down a quarter
(CercleFinance.com) - On Wednesday evening Cisco Systems reported non-GAAP EPS that is down 24% to $0.
87 for Q4 2023-24, with revenues down 10% to $13.6bn, against respective target ranges of $0.84-0.86 and $13.4bn-13.6bn.
The network technology provider points out that while product sales contracted by 15%, service revenues rose by 6%, and Splunk contributed around $960m to total revenues in the quarter.
We've seen firm demand with order growth as customers rely on Cisco to connect and protect all aspects of their organizations in the AI era, CEO Chuck Robbins said.
Posting non-GAAP EPS of $3.73 and revenues of $53.8bn for the year just ended, Cisco anticipates target ranges of $3.52-$3.58 and $55bn-56.2bn for FY 2024-25.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
87 for Q4 2023-24, with revenues down 10% to $13.6bn, against respective target ranges of $0.84-0.86 and $13.4bn-13.6bn.
The network technology provider points out that while product sales contracted by 15%, service revenues rose by 6%, and Splunk contributed around $960m to total revenues in the quarter.
We've seen firm demand with order growth as customers rely on Cisco to connect and protect all aspects of their organizations in the AI era, CEO Chuck Robbins said.
Posting non-GAAP EPS of $3.73 and revenues of $53.8bn for the year just ended, Cisco anticipates target ranges of $3.52-$3.58 and $55bn-56.2bn for FY 2024-25.
Copyright (c) 2024 CercleFinance.com. All rights reserved.