Cisco Systems (CSCO) Reports In-Line Q4 EPS, Guides Q1 EPS In-Line

(Updated - August 16, 2017 4:08 PM EDT)

Cisco Systems (NASDAQ: CSCO) reported Q4 EPS of $0.61, in-line with the analyst estimate of $0.61. Revenue for the quarter came in at $12.1 billion versus the consensus estimate of $12.07 billion.

"We had another strong quarter and a transformative year. We made tremendous progress transitioning our business to more software and recurring revenue and delivered on our commitment to accelerate innovation in our core and across the portfolio," said Chuck Robbins, CEO, Cisco. "The network has never been more critical to business success and we are building the network of the future."

Business Outlook for Q1 FY 2018

Cisco expects to achieve the following results for the first quarter of fiscal 2018:

Q1 FY 2018

Revenue                                             (3)% to (1)% decline Y/Y

Non-GAAP gross margin rate                          63% - 64%

Non-GAAP operating margin rate                      29.5% - 30.5%

Non-GAAP tax provision rate                         22%

Non-GAAP EPS                                        $0.59 - $0.61

(Street sees Q1 EPS of 60c)

For earnings history and earnings-related data on Cisco Systems (CSCO) click here.

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