CISCO SYSTEMS Reports Fourth Quarter Earnings Results for FY2023
August 21, 2023
🌥️Earnings Overview
On August 16th 2023, CISCO SYSTEMS ($NASDAQ:CSCO) reported their earnings results for the fourth quarter of FY2023 which ended on July 31st 2023. Total revenue for the quarter was recorded at USD 15.2 billion, indicating a 16.0% growth year-over-year. Net income was reported to be USD 4.0 billion, displaying a 40.4% increase year-over-year.
Market Price
The company opened at $53.2 and closed at $53.0, a slight decrease of 0.7% from the previous day’s closing price of $53.4. Investors were eager to hear the results of the quarter, as the company’s profit and revenue has been on the rise since the beginning of the fiscal year. The fourth quarter saw an overall increase in profits from both the quarter before and the same period last year. This increase can be attributed to strong sales in their key markets, such as cloud computing, security, and networking products.
The company also highlighted their impressive innovations in artificial intelligence and machine learning. CISCO SYSTEMS is optimistic that their performance in the fourth quarter will carry over into the following years. Currently, they are investing heavily into research and development in order to stay competitive in the technology industry. As they continue to expand their customer base, they hope to see even greater growth and profitability in the years to come. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cisco Systems. More…
| Total Revenues | Net Income | Net Margin |
| 57k | 12.61k | 22.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cisco Systems. More…
| Operations | Investing | Financing |
| 19.89k | -5.11k | -11.63k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cisco Systems. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 101.85k | 57.5k | 10.38 |
Key Ratios Snapshot
Some of the financial key ratios for Cisco Systems are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.0% | 3.3% | 27.6% |
| FCF Margin | ROE | ROA |
| 33.4% | 23.3% | 9.7% |
Analysis
At GoodWhale, we recently conducted an analysis of CISCO SYSTEMS and their wellbeing. After thorough examination, we have determined that CISCO SYSTEMS is a low risk investment in terms of financial and business aspects. Our Risk Rating has revealed that CISCO SYSTEMS is a safe investment. However, our analysis has detected one risk warning in their balance sheet that investors should be aware of. To get more information on the warning, please visit goodwhale.com and register for an account. By having an account, you will have access to all of our detailed information and resources, so that you can make the best decision for your investments. More…
Peers
Its main competitors are Cognex Corp, Sercomm Corp, and Netgem SA. Cisco has a strong market share in the networking and communications equipment market, and is a well-known and respected brand.
– Cognex Corp ($NASDAQ:CGNX)
Cognex Corp is a technology company that specializes in the development and manufacture of machine vision products, software, and systems. The company’s products are used in a variety of industries, including automotive, consumer electronics, food and beverage, life sciences, logistics, and semiconductor. Cognex Corp has a market cap of 7.94B as of 2022, a Return on Equity of 11.66%. The company’s products are used in a variety of industries, including automotive, consumer electronics, food and beverage, life sciences, logistics, and semiconductor.
– Sercomm Corp ($TWSE:5388)
Sercomm Corporation is a world-leading communication device manufacturer. The company designs, develops, and manufactures a wide range of products for the telecommunications, enterprise networking, and security industries. Sercomm’s products are used in a variety of applications, including VoIP phone systems, video surveillance systems, and wireless networking.
Sercomm has a market capitalization of 19.35 billion as of 2022 and a return on equity of 12.06%. The company’s products are used in a variety of applications, including VoIP phone systems, video surveillance systems, and wireless networking. Sercomm is a world-leading communication device manufacturer.
– Netgem SA ($LTS:0N9W)
Netgem SA is a French company that provides broadband internet, digital television, and fixed-line telephone services to residential and business customers. The company has a market cap of 28.11M as of 2022 and a Return on Equity of -8.09%. Netgem SA offers a variety of services that allow customers to connect to the internet, watch digital television, and make phone calls. The company’s products and services are available in France, Spain, Belgium, Switzerland, and the United Kingdom.
Summary
Cisco Systems recently reported strong financial results with total revenue increasing 16.0% and net income increasing 40.4% year-over-year for the fourth quarter of FY2023. This is a very encouraging sign for investors, as it suggests that the company continues to experience strong growth and is well-positioned to deliver further returns in the future. The strong financials are complemented by Cisco’s strong competitive position in the IT and communications market, making it an attractive investment opportunity for those looking to benefit from a long-term strategy.
Furthermore, Cisco’s technology portfolio, industry-leading partnerships and customer base are further testament to its strong fundamentals. All in all, these results should encourage investors to take a look at Cisco Systems as a viable long-term investment option.
Related Posts
Recent Posts
