Cisco Reports Strong Fiscal Performance

Q4 and Fiscal Year Revenue Hold Steady

Q4 Revenue Flat, Fiscal Year Revenue Up

WEB Cisco today reported fourth quarter and fiscal year results for the period ended July 27 2024. Q4 revenue remained flat year-over-year at $13.1 billion, while fiscal year revenue increased slightly to $55.3 billion. Cisco ended fiscal 2022 with a strong balance sheet, including $38.1 billion in cash and investments.

Despite challenging global economic conditions, Cisco's core businesses performed well during the quarter. Software subscriptions revenue grew by 14%, driven by strong demand for cloud-based solutions. Security revenue also increased by 14%, reflecting the growing importance of cybersecurity in a digital world.

"We are pleased with our financial results for the fourth quarter and fiscal year," said Chuck Robbins, Cisco Chairman and CEO. "Our focus on innovation and execution is enabling us to navigate the current economic environment and continue to deliver value for our customers."

Cisco's financial results demonstrate the company's resilience and its ability to adapt to changing market conditions. The company's focus on delivering innovative solutions that meet customer needs positions it well for continued success in the future.