Cisco Non-GAAP EPS of $1.14 beats by $0.08, revenue of $15.2B beats by $150M
Cisco press release (NASDAQ:CSCO): Q4 Non-GAAP EPS of $1.14  beats by $0.08.
Revenue of $15.2B (+16.0% Y/Y)  beats by $150M.
Progress on business model transformation in Q4 FY 2023: Total software revenue up 17% year over year and software subscription revenue up 20% year over year

Total annualized recurring revenue at $24.3 billion, up 5% year over year and product ARR up 10% year over year
Remaining performance obligations at $34.9 billion, up 11% year over year and product RPO up 12% year over year.

Q1 2024 Outlook: Revenue $14.5 billion - $14.7 billion vs. consensus of $14.6B; Non-GAAP gross margin rate 65% - 66%; Non-GAAP operating margin rate 34% - 35%; Non-GAAP EPS $1.02 - $1.04 vs. consensus of $0.99.

FY 2024 Guidance: Revenue $57.0 billion - $58.2 billion vs. consensus of $58.37B; Non-GAAP EPS: $4.01 - $4.08 vs. consensus of $4.04.
Shares -2.76%.


More on Cisco

Cisco: A Strong Buy For Risk-Averse Investors
Cisco Fiscal Q4 Earnings Preview: Transformation Should Be In Full Effect
Cisco Systems: Getting Better With Age Of AI And Spitting Dividend (Technical Analysis)
Cisco: Cheap For A Reason, Declining Market Share
Cisco earnings look-ahead: Improved enterprise spending to support revenue growth
Cisco ticks higher amid activist speculation after 13F filings
Earnings week ahead: Cisco, Walmart, Target, Home Depot and more
Cisco Systems rises as Citi opens 30-day positive catalyst watch
Seeking Alphaâs Quant Rating on Cisco
Earnings data for Cisco
Dividend scorecard for Cisco