CISCO SYSTEMS Reports Fourth Quarter Fiscal Year 2023 Earnings Results on August 16 2023
August 29, 2023
🌥️Earnings Overview
On August 16 2023, CISCO SYSTEMS ($NASDAQ:CSCO) released their financial results for the fourth quarter of fiscal year 2023, which ended on July 31 2023. Revenue for the quarter totaled USD 15.2 billion, a 16.0% rise from the same period last year, while net income was reported at USD 4.0 billion, a 40.4% increase.
Share Price
At the market open, CISCO SYSTEMS stock opened at $53.2 and closed at $53.0, down by 0.7% from its last closing price of 53.4. CISCO SYSTEMS reported a strong performance in its core areas such as software subscriptions, switching, and security, which saw double-digit growth this quarter. The company also attributed its strong performance to increased demand from customers in the cloud space.
This quarter also marked CISCO SYSTEMS’ largest share repurchase in history with the company buying back $15 billion in shares. With increased demand from customers and strong performance in its core areas, CISCO SYSTEMS is well-positioned to continue to grow and outperform in the coming quarters. 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
GoodWhale recently conducted an analysis of CISCO SYSTEMS’s wellbeing and found that the company is classified as a ‘cow’ according to its Star Chart. This label indicates that the company has a track record of paying out consistent and sustainable dividends, making it an attractive prospect for investors looking for steady returns. We found that CISCO SYSTEMS has an overall health score of 10/10 with regard to its cashflows and debt, which makes it highly capable of sustaining future operations in times of crisis. Furthermore, CISCO SYSTEMS is strong in dividend, profitability, and medium in asset, but weak in growth. These metrics combined make it an attractive investment option for those looking for a relatively secure return with potential for growth. 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 posted strong financial results in the fourth quarter of fiscal year 2023. Revenues were up 16%, while net income increased by 40.4%. This indicates that the company is well positioned for future growth and expansion, making it an attractive investment opportunity.
Analysts have praised the company’s strong financials, citing its ability to capitalize on opportunities and drive growth. With a solid balance sheet and a growing customer base, CISCO SYSTEMS is an ideal investment for those looking to gain from long-term capital appreciation.
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