Cisco Systems Full Year 2024 Earnings: In Line With Expectations

Cisco Systems (NASDAQ:CSCO) Full Year 2024 Results

Key Financial Results

• Revenue: US$53.8b (down 5.6% from FY 2023).
• Net income: US$10.3b (down 18% from FY 2023).
• Profit margin: 19% (down from 22% in FY 2023). The decrease in margin was driven by lower revenue.
• EPS: US$2.55 (down from US$3.08 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Cisco Systems Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

Looking ahead, revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Communications industry in the US.

Performance of the American Communications industry.

The company's shares are up 5.9% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on Cisco Systems' balance sheet health.

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