Cisco (CSCO) Q3 2024 Earnings Breakdown

Key Highlights:

• Q1 FY 2025 Results:Revenue: $13.8 billion (down 6% YoY, down 14% excluding Splunk)
• GAAP EPS: $0.68 (decreased 24% YoY)
• Non-GAAP EPS: $0.91 (decreased 18% YoY)
• Product Orders: Up 20% YoY (9% excluding Splunk)
• Key Product Segment Performance:Security: Revenue up 100% (2% excluding Splunk)
• Observability: Revenue up 36% (1% excluding Splunk)
• Networking: Revenue down 23%
• Collaboration: Revenue down 3%
• Profitability:GAAP Gross Margin: 65.9% (above guidance range)
• Non-GAAP Gross Margin: 69.3% (above guidance range)
• Capital Allocation:$3.6 billion returned to stockholders through share buybacks and dividends
• $1.6 billion paid in dividends
• $2.0 billion spent on share repurchases
• Acquisitions:DeepFactor, Inc. (cloud-native application security)
• Robust Intelligence, Inc. (AI security solutions)