Cisco's Q3 Results: Revenue Falls, Earnings Plunge

Key Financial Metrics

Cisco reported a 24% decline in earnings per share, from 87 cents to 66 cents, for the period ended July 27. Revenue also dropped 10%, from $136 billion to $122 billion.

Varied Revenue Performance

Total Revenue

Total revenue for the quarter increased 16% to $152 billion. Product revenue grew 20%, while service revenue rose by 2%.

Cash Flow

Cash flow from operating activities decreased by $37 billion in the fourth quarter of fiscal 2024, marking a significant decline.

Future Outlook

Despite the challenges in the current fiscal year, Cisco has projected low to mid-single-digit revenue growth for fiscal 2025.