Cisco Systems Reports Decline in Q4 2024 Earnings Amid Challenging Market Conditions
Cisco Q4 2024 Results Overview
Network gear maker Cisco Systems Inc. (NASDAQ: CSCO) announced its financial results for the fourth quarter of 2024, revealing mixed outcomes.
Income Summary
- Adjusted earnings of $0.87 per share, exceeding estimates.
- Unadjusted net income stands at $2.2 billion, or $0.54 per share.
- Compare with last year's profit of $4.0 billion or $0.97 per share.
Revenue Analysis
Total revenues of $13.60 billion reflect a 10% year-over-year decrease.
CEO Commentary
CEO Chuck Robbins stated, “In our fourth quarter, we saw steady customer demand with order growth across the business as customers rely on Cisco to connect and protect all aspects of their organizations in the era of AI.”
This report showcases Cisco's ability to navigate challenging market conditions while continuing to meet customer expectations.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.