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Cisco | 10-Q: Q1 2025 Earnings Report

Cisco | 10-Q: Q1 2025 Earnings Report

思科 | 10-Q:2025财年一季报
美股SEC公告 ·  2024/11/19 13:41

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Cisco reported first quarter fiscal 2025 revenue of $13.8 billion, down 6% year-over-year, with product revenue declining 9% to $10.1 billion and services revenue growing 6% to $3.7 billion. Excluding Splunk, total revenue decreased 14%. The company's net income fell 25% to $2.7 billion, while diluted earnings per share decreased 24% to $0.68.Gross margin improved by 0.7 percentage points to 65.9%, driven by benefits from Splunk, favorable product mix and productivity improvements, partially offset by pricing erosion. Operating income declined 45% to $2.4 billion, impacted by incremental expenses from Splunk, higher restructuring charges of $665 million, and increased amortization of purchased intangible assets.By segment, Americas revenue decreased by $770 million, EMEA declined by $76 million while APJC grew by $19 million. The company announced a restructuring plan affecting approximately 7% of its global workforce with estimated pre-tax charges of up to $1 billion. Cisco maintained its commitment to return a minimum of 50% of free cash flow to shareholders through dividends and share repurchases.
Cisco reported first quarter fiscal 2025 revenue of $13.8 billion, down 6% year-over-year, with product revenue declining 9% to $10.1 billion and services revenue growing 6% to $3.7 billion. Excluding Splunk, total revenue decreased 14%. The company's net income fell 25% to $2.7 billion, while diluted earnings per share decreased 24% to $0.68.Gross margin improved by 0.7 percentage points to 65.9%, driven by benefits from Splunk, favorable product mix and productivity improvements, partially offset by pricing erosion. Operating income declined 45% to $2.4 billion, impacted by incremental expenses from Splunk, higher restructuring charges of $665 million, and increased amortization of purchased intangible assets.By segment, Americas revenue decreased by $770 million, EMEA declined by $76 million while APJC grew by $19 million. The company announced a restructuring plan affecting approximately 7% of its global workforce with estimated pre-tax charges of up to $1 billion. Cisco maintained its commitment to return a minimum of 50% of free cash flow to shareholders through dividends and share repurchases.
思科报告了2025财年第一季度营业收入为138亿,较上年同期下降6%,其中产品收入下降9%至101亿,服务收入增长6%至37亿。不包括Splunk,总收入下降14%。公司的净利润下降25%,至27亿,稀释每股收益下降24%,至0.68。毛利率提高了0.7个百分点,达到65.9%,这是由于Splunk带来的收益、良好的产品组合和生产力改善,部分被价格下降所抵消。营业收入下降45%,至24亿,受Splunk带来的额外费用、66500万的重组费用和增加的购买无形资产摊销的影响。按业务部门划分,美洲的收入下降了77000万,欧洲、中东、非洲下降了7600万,而亚太及日本地区增长了1900万。公司宣布了一项重组计划,影响全球约7%的员工,预计的税前费用高达10亿。思科承诺将至少50%的自由现金流通过分红派息和股票回购返回给股东。
思科报告了2025财年第一季度营业收入为138亿,较上年同期下降6%,其中产品收入下降9%至101亿,服务收入增长6%至37亿。不包括Splunk,总收入下降14%。公司的净利润下降25%,至27亿,稀释每股收益下降24%,至0.68。毛利率提高了0.7个百分点,达到65.9%,这是由于Splunk带来的收益、良好的产品组合和生产力改善,部分被价格下降所抵消。营业收入下降45%,至24亿,受Splunk带来的额外费用、66500万的重组费用和增加的购买无形资产摊销的影响。按业务部门划分,美洲的收入下降了77000万,欧洲、中东、非洲下降了7600万,而亚太及日本地区增长了1900万。公司宣布了一项重组计划,影响全球约7%的员工,预计的税前费用高达10亿。思科承诺将至少50%的自由现金流通过分红派息和股票回购返回给股东。
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