- Cisco Live/Business Insider
Cisco topped Wall Street’s revenue target in its fiscal Q4, but gave a lackluster business forecast for the current quarter.
Cisco’s stock declined roughly 2% in after hours trading on Wednesday following the announcement.
Here’s are Cisco’s results:
- Revenue (GAAP) –$12.1 billion, down 4% from $12.64 billion in Q4 2016. This is compared to analyst estimates of $12.07 billion. Cisco projected similar estimates. Earnings per share (adjusted) – $0.61, on the nose of analyst estimates and a penny above’s Cisco’s own forecast. Net income (GAAP) – $2.4 billion, down 14% from 2016. Projected revenues (GAAP) for Q1 2018 are below analyst expectations. Cisco projects revenues to decline 1% to 3%, which would put it around $11.8 billion. Analysts had projected revenues to stay around $12.6 billion next quarter. Projected earnings per share (adjusted) meet analyst expectations. Cisco expects earnings per share of $0.59 to $0.61 next quarter; analysts had projected earnings per share of $0.60. Full year revenues (GAAP) were down 2% for fiscal year 2017, with total revenues of $48 billion. Full year earnings per share (adjusted) for the year were $2.39.