Cisco Q4 revenue $13.6B, -10% YoY; announces 7% workforce restructuring with up to $1B charges

CISCO SYSTEMS, INC.

2024-FY EPS reported $2.54 revenue$53,803,000,000

Revenue $13.6B, down 10% YoY; GAAP EPS $0.54, Non-GAAP EPS $0.87, down 24% YoY.
Product orders up 14% YoY (6% ex-Splunk); Security revenue up 81% (6% ex-Splunk).
Restructuring plan cuts ~7% of workforce; expects up to $1B in pre-tax charges, mainly in Q1 FY25.
Quarterly dividend of $0.40/share declared; payable Oct 23, 2024 to Oct 2 record date.
Q1 FY25 revenue guidance $13.65-$13.85B, non-GAAP EPS $0.86-$0.88; FY25 revenue $55.0-$56.2B.

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