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.

Cisco Q1 2024 earnings infographic

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

  • Cisco Q2 2023 earnings infographic
  • Cisco-Q1-2023-Earnings-Infographic

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

DG Earnings Preview: What to look for when Dollar General reports Q3 results

Discount store chain Dollar General Corporation (NYSE: DG) will be reporting third-quarter results next week. Operating nearly 20,000 stores across the US, it is one of the largest supermarket chains

Dollar Tree (DLTR): A few points to note about the discount retailer’s Q3 performance

Shares of Dollar Tree, Inc. (NASDAQ: DLTR) were up over 1% on Thursday. The stock has dropped 13% year-to-date. The discount retailer delivered third-quarter 2023 earnings results that did not

KR Earnings: Key quarterly highlights from Kroger’s Q3 2023 financial results

The Kroger Co. (NYSE: KR) reported its third quarter 2023 earnings results today. Total company sales were $34 billion compared to $34.2 billion for the same period last year. Identical sales

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top