Cisco Non-GAAP EPS of $0.86 beats by $0.02, revenue of $13.63B beats by $340M
Cisco press release (NASDAQ:CSCO): Q1 Non-GAAP EPS of $0.86  beats by $0.02.
Revenue of $13.63B (+5.7% Y/Y)  beats by $340M.
Total annualized recurring revenue at $23.2 billion, up 7% year over year and product ARR up 12% year over year
Total software revenue up 5% year over year and software subscription revenue up 11% year over year
Remaining performance obligations at $30.9 billion, up 3% year over year and product RPO up 5% year over year.

Q2 FY 2023 Guidance: Revenue: 4.5% to 6.5% growth year over year; Earnings per Share: GAAP: $0.59 to $0.64; Non-GAAP: $0.84 to $0.86.

FY 2023 Guidance: Revenue: 4.5% to 6.5% growth year over year; Earnings per Share: GAAP: $2.63 to $2.76; Non-GAAP: $3.51 to $3.58.
Shares +3.74%.