Cisco beats by $0.02, reports revs in-line; guides Q1 EPS above consensus, revs in-line; guides FY25 EPS in-line, revs in-line; saw steady customer demand (45.44 +0.07)
- Reports Q4 (Jul) earnings of $0.87 per share, excluding non-recurring items, $0.02 better than the FactSet Consensus of $0.85; revenues fell 10.3% year/year to $13.64 bln vs the $13.53 bln FactSet Consensus.
- Non-GAAP gross margin of 67.9% compared to 66.5-67.5% forecast.
- Total annualized recurring revenue (ARR) at $29.6 billion, including $4.3 billion from Splunk, up 22% year over year.
- Co added, "We saw steady customer demand with order growth across the business as customers rely on Cisco to connect and protect all aspects of their organizations in the era of AI."
- Co issues guidance for Q1 (Oct), sees EPS of $0.86-0.88, excluding non-recurring items, vs. $0.85 FactSet Consensus; sees Q1 revs of $13.65-13.85 bln vs. $13.74 bln FactSet Consensus.
- Expects non-GAAP gross margin of 67.0-68.0%.
- Co issues in-line guidance for FY25, sees EPS of $3.52-3.58, excluding non-recurring items, vs. $3.54 FactSet Consensus; sees FY25 revs of $55.0-56.2 bln vs. $55.58 bln FactSet Consensus.