Cisco reports third quarter earnings

San jose, calif. , may 15, 2024 /prnewswire/ -- news summary: $12.7 billion in revenue, down 13% year over year, in line with expectations and reflects our customers' continued implementation of products on-hand strong profitability with gaap gross margin of 65.1% and non-gaap gross margin of 68.3% transformed business model, further enhanced by the splunk acquisition: total subscription revenue of $6.9 billion including splunk, representing 54% of total revenue total annualized recurring revenue (arr) at $29.2 billion including $4.2 billion from splunk, up 22% year over year, and product arr at $15.5 billion, up 44% year over year gary steele, former splunk ceo, named president of go-to-market, effective immediately q3 fy 2024 results: revenue: $12.7 billion decrease of 13% year over year splunk contributed $413 million in revenue earnings per share: gaap: $0.46; non-gaap: $0.88 gaap eps decreased 41% year over year, which includes a negative $0.09 impact from the splunk acquisition non-gaap eps decreased 12% year over year, which includes a negative $0.01 impact from the splunk acquisition q4 fy 2024 guidance:    revenue: $13.4 billion to $13.6 billion earnings per share: gaap: $0.46 to $0.51; non-gaap: $0.84 to $0.86 fy 2024 guidance: revenue: $53.6 billion to $53.8 billion earnings per share: gaap: $2.46 to $2.51; non-gaap: $3.69 to $3.71 cisco today reported third quarter results for the period ended april 27, 2024.
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