Cisco Systems – Financial Results – FY2023-Q1

This From Wall Street note provides information, opinions and insight on Cisco Systems‘ financial results.
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Current Highlights

  • Quarterly revenue of $13.6 billion, up 6% year over year and up 4% quarter over quarter
  • GAAP Net income of $2.7 billion, down 10% year over year and down 5% quarter over quarter
  • Product revenue up 8% YoY and service revenue up 0.5% year over year
  • Revenue breakdown: 57% Americas, 28% EMEA, 15% APAC


  • Cisco’s fiscal year ends July 31, so fiscal quarters and calendar quarters do not align.
  • In FY2022-Q1, Cisco changed its revenue segmentation model such that conferencing, collaboration, and UC revenues are now reported within the “Hybrid Work” segment.
  • In FY2022-Q3, Cisco changed the name of the “Hybrid Work” segment to “Collaboration.”