CISCO SYSTEMS Reports Fourth Quarter Fiscal Year 2023 Earnings Results
August 18, 2023
🌥️Earnings Overview
On August 16 2023, CISCO SYSTEMS ($NASDAQ:CSCO) released its financial results for the fourth quarter of Fiscal Year 2023 (ending on July 31 2023). The company experienced a 16.0% rise in total revenue to USD 15.2 billion and a 40.4% surge in net income to USD 4.0 billion over the same period of the previous year.
Stock Price
CISCO SYSTEMS reported a strong performance in the fourth quarter, showing an increase in both revenue and cash flow from operations. This is a positive sign for investors, and likely signals a period of growth for the company going forward. 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 have conducted an analysis of CISCO SYSTEMS’s financials and have concluded that it is a low risk investment based on our Risk Rating. Our Risk Rating provides a comprehensive view of the company’s financial and business aspects. Specifically, we have detected one risk warning in the company’s balance sheet that should be taken into consideration before investing. To learn more about this risk warning, please register on GoodWhale.com. 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 reported strong financial results for the fourth quarter of 2023 with total revenue increasing 16.0% year over year to USD 15.2 billion and net income rising 40.4% to USD 4.0 billion. Investors may consider this strong performance as a signal of good future prospects. Moreover, the company’s investments in new technologies as well as its acquisition strategy could be attractive features that could generate further returns for shareholders. All in all, CISCO SYSTEMS appears to have an attractive investment opportunity.
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