Categories AlphaGraphs, Earnings, Technology

Cisco (CSCO) Earnings: Q4 2022 profit beats estimates

Network gear maker Cisco Systems Inc. (NASDAQ: CSCO) published fourth-quarter results Wednesday after the closing bell, reporting lower earnings and flat revenues. The numbers exceeded the consensus estimates.

Cisco Q4 2022 earnings infographic

Adjusted earnings, excluding special items, dropped to $0.83 per share from $0.84 per share in the fourth quarter of 2021. Experts had predicted a slightly smaller number for the latest quarter. Unadjusted net income was $2.8 billion or $0.68 per share, down from last year’s profit of $3.0 billion or $0.71 per share.

Fourth-quarter revenues remained broadly unchanged at $13.1 billion, contrary to expectations for a year-over-year decline.

Check this space to read management/analysts’ comments on Cisco’s Q4 earnings

“We had a strong end to our fiscal year thanks to our Q4 performance. Our teams executed well in the midst of an incredibly dynamic environment, resulting in the highest full year non-GAAP earnings per share in the history of the company,” said Cisco’s CFO Chuck Robbins.

Prior Performance

  • Cisco Q3 2022 earnings infographic

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

Most Popular

Should investors worry about Micron’s (MU) weak Q4 results and guidance?

The semiconductor industry is a rapidly growing business segment that currently thrives on the digital transformation wave. The demand for memory chips and other semiconductor products increased over the years,

What has Bed Bath & Beyond (BBBY) outlined for this fiscal year?

Shares of Bed Bath & Beyond (NASDAQ: BBBY) were up on Friday, a day after the company delivered disappointing results for the second quarter of 2022. The company reported a

NKE Earnings: Highlights of Nike’s Q1 2023 results

Nike, Inc. (NYSE: NKE) has reported a decrease in net profit for the first quarter of 2023, despite a modest increase in revenues. The company's stock suffered a big loss

Add Comment
Viewing Highlight