EI Earnings Insight Lab
Cisco Systems Inc.

Cisco Systems Inc. FY 2024 Earnings Analysis

Reported on 2024-09-05 / Fiscal Year FY 2024
Revenue Down YoY EPS Below Prior Year Weak Year
Cisco Systems Inc. faced a challenging FY 2024, with pressure on both growth and profitability.

Revenue declined 5.6% year over year. Year-over-year earnings remained under pressure, showing that the recovery in profitability is still incomplete.

Jump to FAQ
Source: Company filings / processed earnings data
Revenue
$53.8B
YoY: -5.6055%
QoQ: N/A
Net Income
$10.3B
YoY: -18.1797%
QoQ: N/A
EPS (Diluted)
$2.54
YoY: -17.26%
Net Margin
19.2%
YoY: -2.95 pts
QoQ: N/A
Gross Margin
64.7%
Operating Margin
22.6%
Growth

Revenue trend

Revenue trend remains stable.

Profitability

Margin and earnings quality

Profitability was broadly stable.

Investor Focus

What matters next

Investor focus is likely to remain on whether management can restore earnings momentum over coming quarters.

Revenue & YoY Growth

Annual

Revenue trend and year-over-year growth across recent reported annual periods.

Net Income & Net Margin

Annual

Net income and net margin trend over recent reported annual periods.

Revenue Analysis

Cisco Systems Inc. reported $53.8B in revenue for FY 2024, down 5.6% YoY. The year-over-year decline indicates ongoing pressure on topline performance.

Revenue Snapshot
Current Fiscal Year $53.8B
Previous Fiscal Year $57.0B
YoY Change -5.6%

Profitability Analysis

Net income came in at $10.3B, down 18.2% YoY. Net margin was 19.2%. Sequential margin deterioration suggests profitability remains under pressure.

Profitability Snapshot
Net Income $10.3B
EPS $2.54
Net Margin 19.2%
YoY Margin Change -3 pts

Frequently Asked Questions

Quick factual answers for this report. Need the why behind them? Ask the report assistant.

What was Cisco Systems Inc.'s revenue in FY 2024?

Cisco Systems Inc. reported revenue of $53.8B in FY 2024.

What was Cisco Systems Inc.'s net income in FY 2024?

Cisco Systems Inc. reported net income of $10.3B in FY 2024.

How did Cisco Systems Inc.'s revenue change year over year?

Cisco Systems Inc.'s revenue decreased by 5.6% year over year in FY 2024.

What was Cisco Systems Inc.'s net margin in FY 2024?

Cisco Systems Inc.'s net margin was 19.2% in FY 2024.

Related
Cisco Systems Inc. FY 2023 Earnings

Compare this fiscal year with the previous annual earnings report.

Related
Cisco Systems Inc. Company Overview

Explore company profile, industry, and historical context.

Related
Cisco Systems Inc. Revenue & Profit Trends

View more quarterly financial trend pages for this company.

Data Source & Methodology

Financial data is sourced from company filings and internal processed earnings data.

YoY and QoQ values are derived from reported quarterly figures when not directly available.

This page is for informational purposes only and does not constitute investment advice.

0.031229s