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Jan 29, 2022
Cisco Q2 2022 Earnings Report
Cisco's Q2 2022 earnings were reported, showing revenue growth and strong demand.
Key Takeaways
Cisco reported strong second-quarter results with a 6% year-over-year increase in revenue, reaching $12.7 billion. GAAP EPS was $0.71, up 18% year over year, and Non-GAAP EPS was $0.84, up 6% year over year. The company saw robust demand across its business and made progress in its business model transformation.
Revenue reached $12.7 billion, a 6% increase year over year.
GAAP EPS was $0.71, up 18% year over year, while Non-GAAP EPS was $0.84, up 6% year over year.
Total Annualized Recurring Revenue (ARR) was $21.9 billion, up 11% year over year.
The dividend was increased by 3%, and an additional $15 billion was authorized for stock repurchase.
Cisco
Cisco
Cisco Revenue by Geographic Location
Revenue by Geographic Location
Americas Revenue
CapyFin.comEMEA Revenue
CapyFin.comAPJC Revenue
CapyFin.com Forward Guidance
Cisco provided guidance for Q3 FY 2022, projecting revenue growth between 3% and 5% year over year. Non-GAAP EPS is expected to be between $0.85 and $0.87. For the full fiscal year 2022, revenue is expected to grow between 5.5% and 6.5% year over year, with Non-GAAP EPS between $3.41 and $3.46.
Positive Outlook
- Revenue is expected to grow between 3% and 5% year over year.
- Non-GAAP gross margin rate is expected to be between 63.5% and 64.5%.
- Non-GAAP operating margin rate is expected to be between 32.5% and 33.5%.
- Non-GAAP EPS is expected to be between $0.85 and $0.87.
- Full year revenue is expected to grow between 5.5% and 6.5% year over year.
Challenges Ahead
- The third quarter of fiscal 2021 included an extra week.
- GAAP EPS is estimated to be $0.70 to $0.74 for Q3 FY 2022.
- Full year GAAP EPS is estimated to be $2.83 to $2.92.
- Guidance does not include the effects of future acquisitions/divestitures.
- Guidance does not include the effects of asset impairments, restructurings, (gains) and losses on equity investments and significant tax matters or other events.
Revenue & Expenses
Visualization of income flow from segment revenue to net income