Cisco Non-GAAP EPS of $0.87 beats by $0.02, revenue of $13.64B beats by $100M

Cisco press release (NASDAQ:CSCO): Q4 Non-GAAP EPS of $0.87 beats by $0.02.
Revenue of $13.64B (-10.3% Y/Y) beats by $100M.
Product order growth of 14% year over year; up 6% excluding Splunk.
Q4 FY 2024 GAAP gross margin of 64.4% and Non-GAAP gross margin of 67.9%.
Total subscription revenue of $27.4 billion including Splunk, representing 51% of total revenue
Total annualized recurring revenue at $29.6 billion, including $4.3 billion from Splunk, up 22% year over year
Total software revenue at $18.4 billion, up 9% year over year, with software subscription revenue of $16.4 billion, up 15% year over year, making up 89% of total software revenue.
Q1 FY 2025 Guidance: Revenue: $13.65 billion to $13.85 billion vs. consensus of $13.76B.
Earnings per Share: GAAP: $0.35 to $0.42; Non-GAAP: $0.86 to $0.88 vs. consensus of $0.85.
FY 2025 Guidance: Revenue: $55.0 billion to $56.2 billion vs. consensus of $55.68B.
Earnings per Share: GAAP: $1.93 to $2.05; Non-GAAP: $3.52 to $3.58 vs. consensus of $3.55.
Shares +5.52%

Tags: CSCO