secwatch.observer — SEC 8-K summary
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Issuer:     CISCO SYSTEMS, INC. (CSCO)
CIK:        0000858877
Form:       8-K
Filed at:   2024-08-14T23:59:59+00:00
Accession:  0001193125-24-200636
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 2.05, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/858877/000119312524200636/0001193125-24-200636-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/858877/000119312524200636/d878533d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-200636

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