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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.
Cisco
Cisco
Cisco Revenue by Segment
Cisco Revenue by Geographic Location
Revenue by Segment
Networking Revenue
CapyFin.comSecurity Revenue
CapyFin.comCollaboration Revenue
CapyFin.comObservability Revenue
CapyFin.comServices Revenue
CapyFin.comRevenue by Geographic Location
Americas Revenue
CapyFin.comEMEA Revenue
CapyFin.comAPJC Revenue
CapyFin.com 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
- Assumes an effective tax provision rate of 19% for non-GAAP results
Revenue & Expenses
Visualization of income flow from segment revenue to net income