Cisco Reports Fourth Quarter And Fiscal Year 2021 Earnings

-- SAN JOSE, Calif., Aug. 18, 2021

News Summary :

Cisco ended fiscal 2021 strong with Q4 performance of $13.1 billion in revenue (up 8% year over year) and fiscal year revenue of $49.8 billion

Double digit order growth across all customer markets and geographies, including product order growth of 31% - strongest year-over-year growth in over a decade

Continued momentum in transforming our business delivering more software and subscriptions - achieved $4 billion in software revenue in Q4 (an increase of 6% with subscription revenue up 9% year over year) and $15 billion for the year (an increase of 7% with subscription revenue up 15% year over year)

Q4 Results:

Revenue: $13.1 billion

Increase of 8% year over year

Earnings per Share: GAAP: $0.71; Non-GAAP: $0.84

GAAP EPS increased 15% year over year

Non-GAAP EPS increased 5% year over year

FY 2021 Results:

Revenue: $49.8 billion

Increase of 1% year over year

Earnings per Share: GAAP: $2.50; Non-GAAP: $3.22

GAAP EPS decreased 5% year over year

Non-GAAP EPS was flat year over year

Q1 Guidance:

Revenue: 7.5% to 9.5% growth year over year

Earnings per Share: GAAP: $0.61 to $0.66; Non-GAAP: $0.79 to $0.81

FY 2022 Guidance:

Revenue: 5% to 7% growth year over year

Earnings per Share: GAAP: $2.72 to $2.84; Non-GAAP: $3.38 to $3.45

Cisco today reported fourth quarter and fiscal year results for the period ended July 31, 2021. Cisco reported fourth quarter revenue of $13.1 billion, net income on a generally accepted accounting principles (GAAP) basis of $3.0 billion or $0.71 per share, and non-GAAP net income of $3.6 billion or $0.84 per share.

Earnings History

Cisco Reports Q3 FY21 Earnings

Cisco Reports Fourth Quarter FY20 Earnings (Y/Y)

LINK:	https://newsroom.cisco.com/press-release-content?type=webcontent&artic...
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