Cisco Systems Inc (NASDAQ:CSCO, ETR:CIS) outperformed expectations for the fiscal first quarter of 2025, guided revenue for the December quarter above Wall Street estimates and raised its full-year revenue forecast.
The manufacturer of networking hardware, software and other technology products posted Q1 revenue of $13.8 billion, down 6% year-over-year but narrowly ahead of estimates of $13.76 billion.
Earnings per share (EPS) of $0.91 beat the $0.87 consensus, despite marking an 18% decline from the year-ago quarter.
“Revenue, gross margin and EPS in Q1 were at the high end or above our guidance range, generating strong operating leverage,” Cisco CFO Scott Herren commented.
“We are focused on solid execution and operating discipline while making strategic investments to drive innovation and growth.”
For Q2, Cisco projected revenue in the range of $13.75 billion to $13.95 billion, ahead of the consensus $13.66 billion.
EPS is expected to be in the range of $0.89 to $0.91, above estimates of $0.87.
For the full year, Cisco now expects revenue in the range of $55.3 billion to $56.3 billion, above its earlier guidance of $55 billion to $56.2 billion.
Shares of Cisco added 0.3% at $59.35 post-earnings.