Loading...
•
Jul 25, 2020
Cisco Q4 2020 Earnings Report
Cisco's Q4 results were reported, with revenue decreasing by 9% year over year and GAAP EPS increasing by 22%.
Key Takeaways
Cisco reported Q4 revenue of $12.2 billion, a decrease of 9% year-over-year. GAAP EPS increased by 22% to $0.62, while non-GAAP EPS decreased by 4% to $0.80. The company's strategy to shift to more than half of its revenue coming from software and services was achieved by the end of fiscal 2020.
Q4 revenue was $12.2 billion, a 9% decrease year-over-year.
GAAP EPS increased 22% year-over-year to $0.62.
Non-GAAP EPS decreased 4% year-over-year to $0.80.
Software subscriptions now make up 78% of software revenue.
Cisco
Cisco
Cisco Revenue by Segment
Cisco Revenue by Geographic Location
Revenue by Segment
Security Revenue
CapyFin.comRevenue by Geographic Location
Americas Revenue
CapyFin.comEMEA Revenue
CapyFin.comAPJC Revenue
CapyFin.com Forward Guidance
Cisco expects a revenue decline of 9% to 11% year-over-year for Q1 FY 2021, with non-GAAP EPS between $0.69 and $0.71.
Positive Outlook
- Non-GAAP gross margin rate: 64% - 65%
- Non-GAAP operating margin rate: 30% - 31%
- Non-GAAP tax provision rate: 19%
- Non-GAAP EPS: $0.69 - $0.71
Challenges Ahead
- Revenue decline of 9% - 11% year-over-year
- GAAP gross margin rate: 62% - 63%
- GAAP operating margin rate: 18% - 19%
- GAAP EPS: $0.41 - $0.47