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Cisco fiscal Q4 results top estimates

Investing.com - Cisco reported Wednesday fiscal fourth-quarter results that beat Wall Street expectations as demand was spurred by growing enterprise appetite for AI, security, and cloud. 

Cisco Systems (NASDAQ:CSCO) shares fell more than 1% in after-hours trade following the report.

The company reported adjusted EPS of $1.14 on revenue of $15.2 billion, beating Wall Street estimates of $1.06 on revenue of $15.05B. 

Product revenue, which accounts for the bulk of overall revenue, rose 20% in the quarter year on year, while services added 4%.

Looking ahead, the company forecasts adjusted Q1 earnings of $1.02 to $1.04 on revenue in a range of $14.5B to $14.7B. That was roughly in line with estimates for adjusted EPS of $0.99 on revenue of $14.6B.  

For 2024, adjusted EPS was expected in a range of $4.01 on revenue of $57.0B to $58.2B.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.