Cisco: full-year targets raised

(CercleFinance.com) - On announcing its Q1 2024-25 results on Wednesday evening, Cisco Systems raised its annual targets from those presented three months ago.


The US networking technology provider now expects adjusted EPS (non-GAAP) of $3.60-3.66 and revenues of $55.3bn-56.3bon, compared with previous target ranges of $3.52-3.58 and $55bn-56.2bn.

Our customers are investing in critical infrastructure to prepare for AI, and with the breadth of our portfolio, we are uniquely positioned to capitalize on this opportunity, management says.

Cisco posted Q1 2024-25 adjusted EPS that is down 18% to $0.91, but above its target range, on revenues that fell 6% to $13.8bn, i.e. the high end of its guidance.


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