Cisco: 1% decline in EPS in the 4th quarter

( – The network equipment giant Cisco Systems announced on Wednesday evening an adjusted net profit (non-GAAP) down 3% to $3.4 billion for its last quarter of 2021-22. , representing adjusted EPS of 83 cents (-1%).

Also on a year-on-year basis, its revenues were flat at $13.1 billion, a stability seen for both product sales and services, while its adjusted gross margin contracted 2.3 points to 63, 3%.

Over the current fiscal year as a whole, Cisco thus achieved adjusted EPS of $3.36 and revenue growth of 3%, at the top of the target ranges posted three months ago (3.29 at $3.37 and 2-3% respectively).

Claiming “strong demand with product orders and a record product backlog”, it anticipates adjusted EPS between $3.49 and $3.56, as well as a 4 to 6% increase in its revenues on its accounting year 2022-23.

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