Cisco Q1 revenue up 8% to $14.7B, EPS beats; Q2 guidance soft

CISCO SYSTEMS, INC.

2024-Q1 EPS reported $0.89 revenue$14,668,000,000

Q1 revenue $14.7B (+8% YoY); GAAP EPS $0.89 (+37%), non-GAAP EPS $1.11 (+29%), above guidance.
Q2 guidance: revenue $12.6-12.8B, non-GAAP EPS $0.82-0.84; cites customer implementation focus.
FY2024 guidance maintained: revenue $53.8-55.0B, non-GAAP EPS $3.87-3.93.
Software revenue +13% YoY; ARR $24.5B (+5%), product ARR +10%; RPO $34.8B (+12%).
Quarterly dividend $0.39/share declared; Splunk acquisition expected to close by end of Q3 CY2024.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CISCO SYSTEMS, INC. reported the fiscal first quarter 2024 ended October 28, 2023 results: revenue $14.7 billion, net income $3.6 billion, EPS $0.89.

Period: the fiscal first quarter 2024 ended October 28, 2023
Revenue: $14.7 billion
Net income: $3.6 billion
EPS: $0.89
Result: reported results

Exact text from the filing

Cisco reported first quarter revenue of $14.7 billion, net income on a generally accepted accounting principles (GAAP) basis of $3.6 billion or $0.89 per share

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Source: SEC EDGAR

accession 0001193125-23-277891

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