Summary by Moomoo AI
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.
