Company reports highest revenue in past three years (and perhaps longer) …
Current Highlights
The highlights for FY2018-Q4 (the period ending July 28, 2018) are as follows:
- Revenue of $12.8 billion, highest in past three years and perhaps longer
- Recurring revenue was 32% of total revenue
- GAAP operating income for Q4 $3.3 billion
- Q4 GAAP earnings include an $863 million benefit from the Tax Cuts and Jobs Act
- 56% of software revenue from subscriptions
- Service provider revenue up 6%
- Announced intent to acquire Duo Security
- Revenue for total fiscal year of $49.3 billion, up 3% year-over-year
