Cisco reports fourth quarter and fiscal year 2024 earnings

San jose, calif. , aug. 14, 2024 /prnewswire/ -- news summary : product order growth of 14% year over year; up 6% excluding splunk revenue of $13.6 billion in q4 fy 2024, above the high end of our guidance range strong margins: q4 fy 2024 gaap gross margin of 64.4% and non-gaap gross margin of 67.9% fy 2024 gaap gross margin of 64.7% and non-gaap gross margin of 67.5%, the highest in 20 years solid growth in software and recurring metrics in fy 2024, enhanced by splunk total subscription revenue of $27.4 billion including splunk, representing 51% of total revenue total annualized recurring revenue (arr) at $29.6 billion, including $4.3 billion from splunk, up 22% year over year total software revenue at $18.4 billion, up 9% year over year, with software subscription revenue of $16.4 billion, up 15% year over year, making up 89% of total software revenue q4 fy 2024 results: revenue: $13.6 billion decrease of 10% year over year earnings per share: gaap: $0.54; non-gaap: $0.87 gaap eps decreased 44% year over year non-gaap eps decreased 24% year over year fy 2024 results: revenue: $53.8 billion  decrease of 6% year over year earnings per share: gaap: $2.54; non-gaap: $3.73 gaap eps decreased 17% year over year non-gaap eps decreased 4% year over year q1 fy 2025 guidance: revenue: $13.65 billion to $13.85 billion earnings per share: gaap: $0.35 to $0.42; non-gaap: $0.86 to $0.88 fy 2025 guidance: revenue: $55.0 billion to $56.2 billion earnings per share: gaap: $1.93 to $2.05; non-gaap: $3.52 to $3.58 cisco today reported fourth quarter and fiscal year results for the period ended july 27, 2024.
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