Cisco Systems (CSCO) reported earnings on Wed 12 Aug 20 (a/h)
** charts after earnings **
Cisco announces that CFO Kelly Kramer has notified the co of her decision to resign, she will stay on until a replacement is named
Cisco beats by $0.06, reports revs in-line; guides OctQ EPS below consensus, revs below consensus
Reports Q4 (Jul) earnings of $0.80 per share, excluding non-recurring items, $0.06 better than the S&P Capital IQ Consensus of $0.74; revenues fell 9.5% year/year to $12.15 bln vs the $12.09 bln S&P Capital IQ Consensus.
- Non-GAAP operating margin in Q4 was 33% vs prior guidance of 31.5-32.5%.
Co issues downside guidance for Q1 (Oct), sees EPS of $0.69-0.71, excluding non-recurring items, vs. $0.76 S&P Capital IQ Consensus; sees Q1 revs declining 9-11% yr/yr, which we compute as $11.71-11.98 bln vs. $12.29 bln S&P Capital IQ Consensus. Guides to Q1 non-GAAP op mgn of 30-31%.
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