On November 13, 2024, Cisco Systems, Inc. (Cisco) released its fiscal first quarter 2025 financial results, reporting a revenue of $13.8 billion, a 6% decrease from the previous year. The company's GAAP net income was $2.7 billion, or $0.68 per share, representing a 25% decrease year over year. Non-GAAP net income was $3.7 billion, or $0.91 per share, down 19% from the previous year. The report included a detailed reconciliation of GAAP to non-GAAP measures, highlighting exclusions such as share-based compensation expense and significant asset impairments. Cisco also declared a quarterly dividend of $0.40 per common share, payable on January 22, 2025. The company's performance was attributed to broad-based acceleration in product orders and a strong profitability with gross margins exceeding guidance. Cisco's guidance for the second quarter of fiscal 2025 estimates revenue between $13.75 billion and $13.95 billion, with non-GAAP EPS between $0.89 and $0.91. For the full fiscal year 2025, Cisco anticipates revenue between $55.3 billion and $56.3 billion, and non-GAAP EPS between $3.60 and $3.66. The report also noted the completion of acquisitions of DeepFactor, Inc. and Robust Intelligence, Inc. during the quarter.

On November 13, 2024, Cisco Systems, Inc. (Cisco) released its fiscal first quarter 2025 financial results, reporting a revenue of $13.8 billion, a 6% decrease from the previous year. The company's GAAP net income was $2.7 billion, or $0.68 per share, representing a 25% decrease year over year. Non-GAAP net income was $3.7 billion, or $0.91 per share, down 19% from the previous year. The report included a detailed reconciliation of GAAP to non-GAAP measures, highlighting exclusions such as share-based compensation expense and significant asset impairments. Cisco also declared a quarterly dividend of $0.40 per common share, payable on January 22, 2025. The company's performance was attributed to broad-based acceleration in product orders and a strong profitability with gross margins exceeding guidance. Cisco's guidance for the second quarter of fiscal 2025 estimates revenue between $13.75 billion and $13.95 billion, with non-GAAP EPS between $0.89 and $0.91. For the full fiscal year 2025, Cisco anticipates revenue between $55.3 billion and $56.3 billion, and non-GAAP EPS between $3.60 and $3.66. The report also noted the completion of acquisitions of DeepFactor, Inc. and Robust Intelligence, Inc. during the quarter.