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Jul 31, 2021
Cisco Q4 2021 Earnings Report
Cisco's Q4 2021 performance was marked by strong revenue growth and double-digit order increases across all customer markets and geographies.
Key Takeaways
Cisco reported a strong Q4 and fiscal year 2021, with Q4 revenue up 8% year-over-year to $13.1 billion and FY21 revenue reaching $49.8 billion. The company saw double-digit order growth across all customer markets and geographies, alongside continued progress in transforming its business towards more software and subscription-based offerings.
Cisco's Q4 revenue increased by 8% year-over-year, reaching $13.1 billion.
The company's GAAP EPS for Q4 was $0.71, a 15% increase year-over-year, while non-GAAP EPS was $0.84, a 5% increase year-over-year.
Cisco's FY21 revenue increased by 1% year-over-year, totaling $49.8 billion.
The company achieved $4 billion in software revenue in Q4, up 6% year-over-year, with subscription revenue up 9% year-over-year.
Revenue by Geographic Location
Forward Guidance
Cisco provided guidance for Q1 FY 2022 and full year FY 2022, expecting revenue growth and EPS within specified ranges.
Positive Outlook
- Q1 FY 2022 Revenue: 7.5% to 9.5% growth year over year
- Q1 FY 2022 Non-GAAP gross margin rate: 63.5% - 64.5%
- Q1 FY 2022 Non-GAAP operating margin rate: 31.5% - 32.5%
- Q1 FY 2022 Non-GAAP EPS: $0.79 - $0.81
- FY 2022 Revenue: 5% to 7% growth year over year
Challenges Ahead
- Q1 FY 2022 GAAP EPS: $0.61 to $0.66
- FY 2022 GAAP EPS: $2.72 to $2.84
- Guidance does not include effects of future acquisitions/divestitures
- Guidance does not include effects of asset impairments
- Guidance does not include effects of restructurings and significant tax matters
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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