Cisco Reports Fourth Quarter and Fiscal Year 2023 Results
Financial Highlights
- Q4 revenue was $13.1 billion, flat year over year.
- Fiscal year revenue was $51.6 billion, up 5% year over year.
- Net income was $3.4 billion for the quarter, down 8% year over year.
- Diluted earnings per share were $0.88 for the quarter, down 7% year over year.
Business Highlights
- Cisco continues to see strong demand for its products and services in all geographic regions.
- The company is investing in new technologies, such as cloud, security, and artificial intelligence, to meet the evolving needs of its customers.
- Cisco is committed to returning value to shareholders through dividends and share repurchases.
Outlook
- Cisco expects fiscal year 2024 revenue to be in the range of $54.0 billion to $55.5 billion.
- The company expects diluted earnings per share to be in the range of $3.54 to $3.68.
- Cisco is confident in its long-term growth prospects and is committed to delivering value to its customers, shareholders, and employees.
Conclusion
Cisco's fourth quarter and fiscal year 2023 results demonstrate the company's continued strength in the face of economic headwinds. Cisco is well-positioned to continue to grow and deliver value to its stakeholders.
Comments