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Cisco Q4 Revenue Up 6% YoY to $12.8B

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8/15/2018
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  • Q4 Results:

  • Revenue: $12.8 billion

    • Increase of 6% year over year
    • Recurring revenue was 32% of total revenue, up 1 point year over year
    • Earnings per Share: GAAP: $0.81; Non-GAAP: $0.70
    • Non-GAAP EPS increased 15% year over year

•   FY 2018 Results:

  • Revenue: $49.3 billion; increase of 3% year over year
  • Earnings per Share: GAAP: $0.02; Non-GAAP: $2.60
    ▪   Non-GAAP EPS increased 9% year over year
    ▪   GAAP results include a $10.4 billion charge related to the enactment of the Tax Cuts and Jobs Acts

•   Q1 FY 2019 Guidance:

  • Revenue: 5% to 7% growth year over year
  • Earnings per Share: GAAP: $0.69 to $0.74; Non-GAAP: $0.70 to $0.72

SAN JOSE, Calif. – Cisco today reported fourth quarter and fiscal year results for the period ended July 28, 2018. Cisco reported fourth quarter revenue of $12.8 billion, net income on a generally accepted accounting principles (GAAP) basis of $3.8 billion or $0.81 per share, and non-GAAP net income of $3.3 billion or $0.70 per share.

"We had a very strong finish to a great year and generated our highest quarterly revenue of $12.8 billion," said Chuck Robbins, Chairman and CEO of Cisco. "Our results demonstrate a combination of strong customer adoption of our latest innovations, the ongoing value customers see in our software and subscription offerings, and excellent execution across our customer segments and geographies. Our strategy is working and we believe that are well-positioned to capture growth across our portfolio with our pipeline of innovation."

Cisco Systems Inc. (Nasdaq: CSCO)

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