Cisco Systems Reports USD 14.7 Billion in Revenue for FY2024 Q1, a 7.6% Increase Year-Over-Year
November 27, 2023
☀️Earnings Overview
CISCO SYSTEMS ($NASDAQ:CSCO) reported a total revenue of USD 14.7 billion for FY2024 Q1 on November 15 2023, representing a 7.6% increase from the same period in the prior year. Additionally, net income for the quarter was USD 3.6 billion, showing a 36.3% year over year growth.
Analysis
CISCO SYSTEMS is an excellent stock to analyze with GoodWhale. The Star Chart shows that CISCO SYSTEMS has a high health score of 10/10 due to its strong cashflows and debt, meaning it is capable of both repaying its debt and funding future operations. Moreover, CISCO SYSTEMS is especially strong in dividend and profitability, while it is in a medium position concerning assets and weak in growth. The strong cashflows and dividend of CISCO SYSTEMS make it an attractive option for investors who are looking for a reliable source of income. Furthermore, those investors who are looking for a stock with moderate revenue or earnings growth may also be interested in CISCO SYSTEMS. With its strong to medium financials and low risk of default, CISCO SYSTEMS is a great option for those who want to build a portfolio that will not only generate income but also offer stability. More…
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 |
| 58.03k | 13.58k | 24.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cisco Systems. More…
| Operations | Investing | Financing |
| 18.3k | -3.36k | -12.57k |
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 |
| 98.78k | 53.57k | 10.95 |
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 |
| 6.5% | 6.7% | 28.8% |
| FCF Margin | ROE | ROA |
| 30.1% | 23.6% | 10.6% |
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 has seen a positive performance in its fiscal quarter for 2024, with total revenue of USD 14.7 billion and net income of USD 3.6 billion. Compared to the same period one year ago, the company saw an impressive 7.6% increase in revenue and a 36.3% increase in income. This strong quarterly performance indicates that Cisco is in a position of growth and stability, making it an excellent investment opportunity for investors. The company’s products and services remain in high demand, and its commitment to innovation and customer satisfaction provide a great outlook for the future.
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