secwatch.observer — SEC 8-K summary
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Issuer:     CISCO SYSTEMS, INC. (CSCO)
CIK:        0000858877
Form:       8-K
Filed at:   2022-11-16T23:59:59+00:00
Accession:  0001193125-22-286782
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 2.05, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cisco Q1 revenue up 6% to $13.6B, Non-GAAP EPS $0.86; announces $600M restructuring plan
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- GAAP EPS $0.65 (down 7% YoY); Non-GAAP EPS $0.86 (up 5%); revenue $13.6B (+6% YoY).
- Total ARR $23.2B (+7%), product ARR +12%; RPO $30.9B (+3%), 53% to be recognized in 12 months.
- Q2 FY2023 guidance: revenue growth 4.5-6.5% YoY, Non-GAAP EPS $0.84-$0.86; FY2023 guidance raised.
- Restructuring plan: pre-tax charges ~$600M (cash-based) with $300M in Q2 FY2023, $200M in H2.
- Operating cash flow $4.0B (+16% YoY); $2.1B returned to shareholders via buybacks and dividends.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/858877/000119312522286782/0001193125-22-286782-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/858877/000119312522286782/d385857d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-286782

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