Categories AlphaGraphs, Earnings, Technology
Cisco (CSCO) Q4 2024 earnings drop but beat estimates; revenue down 10%
Network gear maker Cisco Systems Inc. (NASDAQ: CSCO) on Wednesday announced financial results for the fourth quarter of 2024, reporting lower revenues and earnings. The bottom line, however, exceeded estimates.
The San Jose-headquartered tech firm posted adjusted earnings of $0.87 per share for the July quarter, compared to $1.14 per share in the same period of 2023. Earnings topped expectations.
Unadjusted net income was $2.2 billion or $0.54 per share in Q4, compared to last year’s profit of $4.0 billion or $0.97 per share. At $13.60 billion, fourth-quarter revenues were down 10% year-over-year.
“In our fourth quarter, 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,” said Cisco’s CEO Chuck Robbins.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
GIS Earnings: All you need to know about General Mills’ Q1 2025 earnings results
General Mills, Inc. (NYSE: GIS) reported its first quarter 2025 earnings results today. Net sales decreased 1% year-over-year to $4.8 billion. Organic sales were down 1%. Net earnings attributable to
Guardian Pharmacy seeks to raise up to $108 mil in US IPO
Joining the wave of healthcare IPOs this year, amid Fed rate cut expectations, Guardian Pharmacy Services, Inc. is preparing to go public. In a statement filed with the Securities and
Earnings Preview: Will Micron (MU) maintain recovery momentum in Q4?
After recovering from a rough patch, Micron Technology Inc. (NASDAQ: MU) is preparing to report fourth-quarter results next week, even as the market keeps a close watch on the event