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Cisco Q4 Earnings: Revenue Beat, EPS Beat, Product Orders Up 14% As Customers Rely On Networking Equipment Maker In New 'Era Of AI'

Cisco Systems Inc (NASDAQ:CSCO) reported fourth-quarter financial results after the market close on Wednesday. Here’s a rundown of the report. Q4 Earnings: Cisco reported fiscal fourth-quarter revenue of $13.64 billion, beating the consensus estimate of $13.537 billion. The company reported adjusted earnings of 87 cents per share, beating analyst estimates of 85 cents per share. Cisco has now exceeded analyst estimates on the top and bottom lines in nine consecutive quarters, according to Benzinga Pro. Total revenue was down 10% year-over-year. Total subscription revenue came in at $27.4 billion. Total annualized recurring revenue came in at $29.6 billion, up 22% year-over-year. Product order growth was 14% year-over-year. “We ...