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Cisco announces fourth-quarter financial report: net profit reaches US$4 billion, AI orders reach US$500 million
Cisco announces fourth-quarter financial report: net profit reaches US$4 billion, AI orders reach US$500 million
Cisco shares rose in after-hours trading following the release of fourth-quarter results. Although the full-year forecast for fiscal 2024 is somewhat mixed, Cisco CEO Chuck Robbins expressed optimism in a statement announcing the earnings.
We see solid customers demand, increased market share and innovated in key areas such as artificial intelligence, security and cloud services. This momentum gives us the confidence to seize the many opportunities ahead.
Cisco announced a net profit of US$4 billion in the fourth fiscal quarter (note on this site: currently about 29.2 billion yuan), with revenue of US$15.2 billion, higher than US$13.1 billion in the same period last year (Current approximately 95.63 billion yuan) .
After adjusting for stock compensation and other costs, Cisco's earnings per share were US$1.14 (currently approximately 8.322 yuan), higher than US$0.83 in the same period last year (currently approximately 6.0589 yuan),while Cisco's full-year revenue increased by 11% to US$57 billion (currently approximately 416.1 billion yuan), the company's best performance in more than ten years.
Cisco Chief Financial Officer Scott Herron said the backlog of orders through 2022 played an important role. "This is a record quarter in terms of revenue, net profit, earnings per share, free cash flow, etc.," he said, adding that Cisco has received about $500 million (about 3.65 billion yuan). RMB) artificial intelligence orders can build related functions in existing products Advertising statement: This article contains external jump links (including but not limited to hyperlinks, QR codes, passwords, etc.) for Provide more information and save time sifting, for reference only. All articles on this site contain this statementThe above is the detailed content of Cisco announces fourth-quarter financial report: net profit reaches US$4 billion, AI orders reach US$500 million. For more information, please follow other related articles on the PHP Chinese website!
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Cisco's shares rose in after-hours trading following its fourth-quarter results. While the full-year forecast for fiscal 2024 is somewhat mixed, Cisco's CEO Chuck Robbins expressed optimism in a statement announcing the earnings. "We're seeing solid customer demand, market share gains, and continued growth in artificial intelligence." Innovations have been made in key areas such as , security and cloud services. This momentum gives us the confidence to seize the many opportunities ahead. ▲Cisco’s fourth-quarter performance compiled by TheMotleyFool. This site noticed from Cisco’s 2023 fourth-quarter results that Cisco’s reported fourth-quarter net profit was US$4 billion (this site’s note: currently about 29.2 billion yuan). Revenue was $15.2 billion, up from last year
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