Categories AlphaGraphs, Earnings, Technology
CSCO Earnings: Cisco reports higher revenue and profit for Q1 2024
Cisco Systems Inc. (NASDAQ: CSCO) on Wednesday announced results for the first quarter of 2024, reporting higher revenues and earnings. The company also provided guidance for the second quarter.
The San Jose-headquartered network gear maker said that earnings, excluding special items, rose to $1.11 per share in the October quarter from $0.86 per share in the same period of 2023. Unadjusted net income was $3.6 billion or $0.89 per share in Q1, compared to last year’s profit of $2.7 billion or $0.65 per share.
At $14.7 billion, first-quarter revenues were up 8% year-over-year. Total software revenue and software subscription revenue grew 13% year over year.
“We had a solid start to fiscal 2024 with the strongest Q1 results in our history on both revenue and profitability. We are confident in the foundational strength of our business and future growth opportunities fueled by AI, Security, Cloud, and Observability,” 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
Earnings Preview: Microsoft expected to report higher Q3 revenue, profit
Tech behemoth Microsoft Corp. (NASDAQ: MSFT) is preparing to report its third-quarter 2025 results, amid expectations for a year-over-year increase in revenue and earnings. The company has performed well recently,
What to expect when eBay (EBAY) reports its Q1 2025 earnings results
Shares of eBay Inc. (NASDAQ: EBAY) were down slightly in midday trade on Friday. The stock has gained 8% year-to-date. The ecommerce giant is slated to report its earnings results
AbbVie Q1 2025 adjusted earnings increase on 8% revenue growth; beat estimates
Biopharmaceutical company AbbVie, Inc. (NYSE: ABBV) announced first-quarter 2025 financial results, reporting an increase in revenue and adjusted earnings. The company reported worldwide net revenues of $13.3 billion for the
