Cisco (CSCO) Q4 Earnings Top Estimates, Revenues Fall Y/Y
CSCOCisco Systems(CSCO) ZACKS·2024-08-15 21:11

Cisco Systems (CSCO) reported fourth-quarter fiscal 2024 non-GAAP earnings of 87 cents per share, which beat the Zacks Consensus Estimate by 2.35%. The bottom line fell 23.7% year over year.Revenues decreased 10.3% year over year to 13.64billionbutbeattheconsensusmarkby0.913.64 billion but beat the consensus mark by 0.9%. Product revenues (72.3% of total revenues) decreased 15.4% on a year-over-year basis to 9.86 billion.Splunk contributed $960 million of total revenues in the reported quarter. Networking revenues declined 28% year over year to ...