Cisco reports first quarter earnings

San jose, calif. , nov. 15, 2023 /prnewswire/ --  news summary: strongest first quarter results in cisco's history in terms of revenue and profitability with $14.7 billion in revenue, up 8% year over year; gaap eps $0.89, up 37% year over year, and non-gaap eps $1.11, up 29% year over year progress on business model transformation in q1 fy 2024: total software revenue up 13% year over year and software subscription revenue up 13% year over year total annualized recurring revenue (arr) at $24.5 billion, up 5% year over year and product arr up 10% year over year remaining performance obligations (rpo) at $34.8 billion, up 12% year over year and product rpo up 14% year over year strong q1 revenue across cisco product portfolio, driven by customers' investments in generative ai, cloud, security, and full stack observability q1 fy 2024 results: revenue: $14.7 billion increase of 8% year over year earnings per share: gaap: $0.89; non-gaap: $1.11 gaap eps increased 37% year over year non-gaap eps increased 29% year over year q2 fy 2024 guidance: revenue: $12.6 billion to $12.8 billion earnings per share: gaap: $0.59 to $0.64; non-gaap: $0.82 to $0.84 fy 2024 guidance: revenue: $53.8 billion to $55.0 billion earnings per share: gaap: $2.97 to $3.08; non-gaap: $3.87 to $3.93 cisco today reported first quarter results for the period ended october 28, 2023.
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