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Cisco's revenue in the last quarter decreased by 6%, still better than expected, but the full-year guidance was slightly downgraded, resulting in a nearly 3% drop in after-hours trading.
In the first quarter of the 2025 fiscal year, cisco's revenue fell by 6% year-on-year, marking four consecutive declines but still exceeding analyst expectations, with the largest business network's revenue unexpectedly dropping by 23%. cisco's full-year revenue guidance range has been slightly adjusted upwards, with the midpoint lower than analyst expectations; overall product orders for the quarter grew by 20%. Excluding the orders from splunk acquired in March, the orders grew by 9%. Orders for AI infrastructure from large customers for the quarter were 0.3 billion USD, and the CEO expressed confidence that total AI orders for the full year would exceed the target of 1 billion USD. The stock price fell after hours, dropping as much as 3%.
Express News | Cisco Systems Shares Down 3.2% Premarket After Q1 Results, Co Reports Q2 and FY Forecast
US stock market abnormal movement | Cisco falls more than 3% before the market, with a 23% year-on-year decline in first-quarter network business revenue below expectations.
Globe News on November 14 | cisco (CSCO.US) fell over 3% in pre-market trading, reported at 57.4 dollars. On the news front, cisco announced its fiscal year 2025 first quarter results, with revenue of 13.84 billion dollars, a year-on-year decrease of about 6%, while analysts expected 13.77 billion dollars; adjusted eps was 0.91 dollars, a year-on-year decrease of 18%, while analysts expected 0.87 dollars. During the period, network business revenue fell 23% year-on-year to 6.75 billion dollars, below the analysts' expectation of 6.8 billion dollars, showing a slight easing from the 28% decrease in the previous quarter. In addition, cisco slightly raised its fiscal year 2025 performance guidance.
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