Cisco Live/Business Insider
Cisco topped Wall Street's revenue target in its fiscal Q4, but gave a lackluster business forecast for the current quarter.
Cisco's stock declined roughly 2% in after hours trading on Wednesday following the announcement.
Here's are Cisco's results:
- Revenue (GAAP) — $12.1 billion, down 4% from $12.64 billion in Q4 2016. This is compared to analyst estimates of $12.07 billion. Cisco projected similar estimates.
- Earnings per share (adjusted) — $0.61, on the nose of analyst estimates and a penny above's Cisco's own forecast.
- Net income (GAAP) — $2.4 billion, down 14% from 2016.
- Projected revenues (GAAP) for Q1 2018 are below analyst expectations. Cisco projects revenues to decline 1% to 3%, which would put it around $11.8 billion. Analysts had projected revenues to stay around $12.6 billion next quarter.
- Projected earnings per share (adjusted) meet analyst expectations. Cisco expects earnings per share of $0.59 to $0.61 next quarter; analysts had projected earnings per share of $0.60.
- Full year revenues (GAAP) were down 2% for fiscal year 2017, with total revenues of $48 billion.
- Full year earnings per share (adjusted) for the year were $2.39.
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