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Cisco | 8-K: CISCO REPORTS FIRST QUARTER EARNINGS

SEC ·  Nov 13, 2024 21:19

Summary by Moomoo AI

Cisco reported Q1 FY2025 revenue of $13.8B, down 6% YoY, with GAAP EPS of $0.68 and non-GAAP EPS of $0.91. Product orders grew 20% YoY, with 9% growth excluding Splunk. Security revenue surged 100% while Networking declined 23%. The company declared a quarterly dividend of $0.40 per share.Gross margin performance was strong with GAAP gross margin at 65.9% and non-GAAP at 69.3%. Operating cash flow increased 54% to $3.7B. The company returned $3.6B to stockholders through $2.0B in share buybacks and $1.6B in dividends. Remaining Performance Obligations rose 15% to $40.0B.For Q2 FY2025, Cisco projects revenue between $13.75B-$13.95B with non-GAAP EPS of $0.89-$0.91. Full-year FY2025 guidance sets revenue at $55.3B-$56.3B with non-GAAP EPS of $3.60-$3.66. Management highlighted strong customer investments in AI infrastructure as a key growth driver.
Cisco reported Q1 FY2025 revenue of $13.8B, down 6% YoY, with GAAP EPS of $0.68 and non-GAAP EPS of $0.91. Product orders grew 20% YoY, with 9% growth excluding Splunk. Security revenue surged 100% while Networking declined 23%. The company declared a quarterly dividend of $0.40 per share.Gross margin performance was strong with GAAP gross margin at 65.9% and non-GAAP at 69.3%. Operating cash flow increased 54% to $3.7B. The company returned $3.6B to stockholders through $2.0B in share buybacks and $1.6B in dividends. Remaining Performance Obligations rose 15% to $40.0B.For Q2 FY2025, Cisco projects revenue between $13.75B-$13.95B with non-GAAP EPS of $0.89-$0.91. Full-year FY2025 guidance sets revenue at $55.3B-$56.3B with non-GAAP EPS of $3.60-$3.66. Management highlighted strong customer investments in AI infrastructure as a key growth driver.
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