Cisco beats by $0.01, reports revs in-line; guides OctQ EPS in-line, revs above consensus; guides FY22 EPS in-line, revs above consensus; JulQ marked highest product order growth in over a decade (55.15 -0.86)
- Reports Q4 (Jul) earnings of $0.84 per share, excluding non-recurring items, $0.01 better than the S&P Capital IQ Consensus of $0.83; revenues rose 8.0% year/year to $13.13 bln vs the $13.04 bln S&P Capital IQ Consensus.
- Co reports Q4 non-GAAP operating margin of 33.5% vs 32-33% prior guidance.
- "The demand for Cisco technology is strong with our Q4 performance marking the highest product order growth in over a decade. With the power of our portfolio, we are well positioned to help our customers accelerate their digital transformation and thrive in a hybrid world."
- Co issues guidance for Q1 (Oct), sees EPS of $0.79-0.81, excluding non-recurring items, vs. $0.81 S&P Capital IQ Consensus; sees Q1 revs of $12.82-13.06 bln vs. $12.81 bln S&P Capital IQ Consensus. Co guides to Q1 non-GAAP op margin of 31.5-32.5%.
- Co issues guidance for FY22, sees EPS of $3.38-3.45, excluding non-recurring items, vs. $3.41 S&P Capital IQ Consensus; sees FY22 revs of $52309-53305 vs. $51.89 bln S&P Capital IQ Consensus.