RESEARCH TRIANGLE PARK – Cisco’s (Nasdaq: CSCO) financials disclosed after the markets closed Wednesday beat Wall Street estimates. And the top exec at the tech giant which employs thousands in RTP likes what he’s seeing.
“This past year was a milestone year for Cisco with record performance in both the full year and Q4,” said Chuck Robbins, chair and
CEO of Cisco, in a statement. “We are seeing solid customer demand, gaining market share, and innovating in key areas like AI, security, and cloud. This momentum gives us confidence in our ability to capture the many opportunities ahead.”
CFO says …
“We delivered double-digit growth in revenue and EPS, generating strong operating leverage in Q4,” said Scott Herren, CFO of Cisco.
“Our business model transformation drove double-digit growth in software revenue, product ARR and total RPO, leading to greater
visibility and predictability. We are committed to expanding operating leverage and increasing shareholder returns over the long term.”
Read the full earnings report online.
Check out this video recap:
