From Wall Street – Cisco – FY2018-Q4

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