Cisco Q3 revenue $12.7B (-13% YoY); GAAP EPS $0.46, non-GAAP $0.88; names Gary Steele President of Go-to-Market

CISCO SYSTEMS, INC.

2024-Q3 EPS reported $2.00 revenue$40,161,000,000

Revenue $12.7B, down 13% YoY; GAAP EPS $0.46 (-41%), non-GAAP EPS $0.88 (-12%).
Splunk contributed $413M revenue; total ARR $29.2B (+22%).
Q4 FY24 guidance: revenue $13.4-13.6B, non-GAAP EPS $0.84-0.86.
Gary Steele (ex-Splunk CEO) named President of Go-to-Market; Jeff Sharritts to depart.
Quarterly dividend $0.40/share, payable July 24, 2024.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Jeff Sharritts

Executive Vice President and Chief Customer and Partner Officer

CSCO · CISCO SYSTEMS, INC.

Effective: 2024-05-15
Filed: May 15, 2024, 7:59 PM ET

Jeff Sharritts, Cisco’s Executive Vice President and Chief Customer and Partner Officer, was informed that he would no longer remain in his role as Cisco’s Executive Vice President and Chief Customer and Partner Officer, effective May 15, 2024.

Appointed

Gary Steele

President, Go-to-Market

CSCO · CISCO SYSTEMS, INC.

Effective: 2024-05-15
Filed: May 15, 2024, 7:59 PM ET

Effective May 15, 2024, as part of organizational changes with respect to Cisco’s executive leadership team, Cisco appointed Gary Steele as President, Go-to-Market.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CISCO SYSTEMS, INC. reported its fiscal third quarter 2024 ended April 27, 2024 results: revenue $12.7 billion, net income $1.9 billion, EPS $0.46.

Period: its fiscal third quarter 2024 ended April 27, 2024
Revenue: $12.7 billion
Net income: $1.9 billion
EPS: $0.46
Result: reported results

Exact text from the filing

Cisco reported third quarter revenue of $12.7 billion, net income on a generally accepted accounting principles (GAAP) basis of $1.9 billion or $0.46 per share, and non-GAAP net income of $3.6 billion or $0.88 per share.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Jeff Sharritts departed as Executive Vice President and Chief Customer and Partner Officer at CISCO SYSTEMS, INC..

Action: departed
Role: Executive Vice President and Chief Customer and Partner Officer

Exact text from the filing

Jeff Sharritts, Cisco’s Executive Vice President and Chief Customer and Partner Officer, was informed that he would no longer remain in his role as Cisco’s Executive Vice President and Chief Customer and Partner Officer, effective May 15, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Gary Steele was appointed as President, Go-to-Market at CISCO SYSTEMS, INC..

Action: appointed
Role: President, Go-to-Market

Exact text from the filing

Effective May 15, 2024, as part of organizational changes with respect to Cisco’s executive leadership team, Cisco appointed Gary Steele as President, Go-to-Market.

View on SEC.gov

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CISCO SYSTEMS, INC. filing history →

Source: SEC EDGAR

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