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Cisco | 10-Q: Q1 2025 Earnings Report

Cisco | 10-Q: Q1 2025 Earnings Report

思科 | 10-Q:2025財年一季報
美股SEC公告 ·  2024/11/20 05:41

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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.
思科報告了2025財年第一季度營業收入爲138億,較上年同期下降6%,其中產品收入下降9%至101億,服務收入增長6%至37億。不包括Splunk,總收入下降14%。公司的凈利潤下降25%,至27億,稀釋每股收益下降24%,至0.68。毛利率提高了0.7個百分點,達到65.9%,這是由於Splunk帶來的收益、良好的產品組合和生產力改善,部分被價格下降所抵消。營業收入下降45%,至24億,受Splunk帶來的額外費用、66500萬的重組費用和增加的購買無形資產攤銷的影響。按業務部門劃分,美洲的收入下降了77000萬,歐洲、中東和非洲下降了7600萬,而亞太及日本地區增長了1900萬。公司宣佈了一項重組計劃,影響全球約7%的員工,預計的稅前費用高達10億。思科承諾將至少50%的自由現金流通過分紅派息和股票回購返回給股東。
思科報告了2025財年第一季度營業收入爲138億,較上年同期下降6%,其中產品收入下降9%至101億,服務收入增長6%至37億。不包括Splunk,總收入下降14%。公司的凈利潤下降25%,至27億,稀釋每股收益下降24%,至0.68。毛利率提高了0.7個百分點,達到65.9%,這是由於Splunk帶來的收益、良好的產品組合和生產力改善,部分被價格下降所抵消。營業收入下降45%,至24億,受Splunk帶來的額外費用、66500萬的重組費用和增加的購買無形資產攤銷的影響。按業務部門劃分,美洲的收入下降了77000萬,歐洲、中東和非洲下降了7600萬,而亞太及日本地區增長了1900萬。公司宣佈了一項重組計劃,影響全球約7%的員工,預計的稅前費用高達10億。思科承諾將至少50%的自由現金流通過分紅派息和股票回購返回給股東。
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