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Oct 30, 2021
Cisco Q1 2022 Earnings Report
Cisco reported an 8% increase in revenue to $12.9 billion, with GAAP EPS up 37% to $0.70 and Non-GAAP EPS up 8% to $0.82.
Key Takeaways
Cisco reported strong Q1 results with revenue of $12.9 billion, up 8% year over year. GAAP EPS was $0.70, up 37% year over year, and Non-GAAP EPS was $0.82, up 8% year over year. The company saw strong demand across the business with total product order growth of 33% year-over-year.
Revenue increased by 8% year over year to $12.9 billion.
GAAP EPS increased 37% year over year to $0.70.
Non-GAAP EPS increased 8% year over year to $0.82.
Total Annualized Recurring Revenue was $21.6 billion, up 10% year over year.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Cisco expects revenue to grow between 4.5% and 6.5% year over year, and non-GAAP EPS to be between $0.80 and $0.82 for the second quarter of fiscal 2022. For the full fiscal year 2022, Cisco anticipates revenue growth of 5% to 7% year over year and non-GAAP EPS between $3.38 and $3.45.
Positive Outlook
- Revenue growth of 4.5% - 6.5% Y/Y for Q2 FY 2022
- Non-GAAP gross margin rate of 63.5% - 64.5% for Q2 FY 2022
- Non-GAAP operating margin rate of 32.5% - 33.5% for Q2 FY 2022
- Non-GAAP EPS of $0.80 - $0.82 for Q2 FY 2022
- Revenue growth of 5% - 7% Y/Y for FY 2022
Challenges Ahead
- GAAP EPS of $0.64 - $0.68 for Q2 FY 2022
- GAAP gross margin rate of 61.5% - 62.5% for Q2 FY 2022
- GAAP operating margin rate of 26% - 27% for Q2 FY 2022
- Assumes an effective tax provision rate of 18% for GAAP results
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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