CISCO SYSTEMS Reports Third Quarter Earnings Results for FY2023
May 26, 2023
Earnings Overview
CISCO SYSTEMS ($BER:CIS) announced its financial results for the third quarter of FY2023 on May 17 2023, showing USD 14.6 billion in total revenue, representing a 13.5% increase over the same period in the previous year. Net income also rose 5.6% year over year to USD 3.2 billion.
Price History
The stock closed at €44.0, representing an increase of 1.7% from the previous day’s closing price. Overall, the company’s earnings report was positive, as net income for the quarter was higher than expected. As a result of the strong earnings report, investors were encouraged by the company’s performance and the stock price rose accordingly. This indicates that the market is very optimistic about the company’s future prospects. 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 |
| 54.9k | 11.47k | 21.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cisco Systems. More…
| Operations | Investing | Financing |
| 17.6k | -3.02k | -12.47k |
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 |
| 97.53k | 55.23k | 10.13 |
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 |
| 2.8% | 0.2% | 26.7% |
| FCF Margin | ROE | ROA |
| 30.7% | 22.1% | 9.4% |
Analysis
GoodWhale conducted an analysis of CISCO SYSTEMS’ financials and determined their Star Chart health score to be 10/10. This demonstrates that the company is financially sound and capable of sustaining itself through difficult times. Moreover, we classified CISCO SYSTEMS as a ‘cow’, meaning it is a company with a track record of paying consistent and sustainable dividends. As such, investors who prioritize dividends above all else are likely to be attracted to this company. Additionally, CISCO SYSTEMS is also strong in terms of profitability, and has a medium rating in asset strength. The company’s weak point is in its growth potential, but this does not necessarily detract from its value as a dividend payer. More…
Summary
Cisco Systems posted a 13.5% year-over-year increase in total revenue for the third quarter of FY2023, ending April 30 2023. Net income also rose 5.6% to USD 3.2 billion compared to the same period of the prior year. Investors should be encouraged by these results, showing continued growth for the technology-driven company.
With increased demand for cloud-based services, Cisco Systems appears well-positioned to benefit from the digital transformation of businesses worldwide. The company’s strong financial position and ability to innovate makes Cisco Systems a top investment consideration right now.
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