Cisco Reports Fourth Quarter And Fiscal Year 2021 Earnings

About this update from Cisco Systems, Inc.

[{"type":"text","content":"SAN JOSE, Calif., Aug. 18, 2021 /PRNewswire/ -- \nNews Summary:\nCisco ended fiscal 2021 strong with Q4 performance of $13.1 billion in revenue (up 8% year over year) and fiscal year revenue of $49.8 billion Double digit order growth across all customer markets and geographies, including product order growth of 31% - strongest year-over-year growth in over a decade Continued momentum in transforming our business delivering more software and subscriptions - achieved $4 billion in software revenue in Q4 (an increase of 6% with subscription revenue up 9% year over year) and $15 billion for the year (an increase of 7% with subscription revenue up 15% year over year)Q4 Results: Revenue: $13.1 billion Increase of 8% year over yearEarnings per Share: GAAP: $0.71; Non-GAAP: $0.84 GAAP EPS increased 15% year over year Non-GAAP EPS increased 5% year over yearFY 2021 Results: Revenue: $49.8 billion Increase of 1% year over year Earnings per Share: GAAP: $2.50; Non-GAAP: $3.22 GAAP EPS decreased 5% year over year Non-GAAP EPS was flat year over year Q1 Guidance: Revenue: 7.5% to 9.5% growth year over year Earnings per Share: GAAP: $0.61 to $0.66; Non-GAAP: $0.79 to $0.81FY 2022 Guidance: Revenue: 5% to 7% growth year over year Earnings per Share: GAAP: $2.72 to $2.84; Non-GAAP: $3.38 to $3.45Cisco today reported fourth quarter and fiscal year results for the period ended July 31, 2021. Cisco reported fourth quarter revenue of $13.1 billion, net income on a generally accepted accounting principles (GAAP) basis of $3.0 billion or $0.71 per share, and non-GAAP net income of $3.6 billion or $0.84 per share.\n\n\"We continue to see great momentum in our business as customers are looking to modernize their organizations for agility and resiliency,\" said Chuck Robbins, Chair and CEO of Cisco. \"The demand for Cisco technology is strong with our Q4 performance marking the highest product order growth in over a decade. With the power of our portfolio, we are well positioned to help our customers accelerate their digital transformation and thrive in a hybrid world.\"\n\"We executed exceptionally well delivering strong results across revenue, non-GAAP net income, non-GAAP EPS and record operating cash flow,\" said Scott Herren, CFO of Cisco. \"Our performance reflects the impact of our investments in high growth opportunities resulting in our strong ...

More updates from Cisco Systems, Inc.