Cisco Quarterly Revenue Up 9.7% to $15.35B; EMEA Beats, APJC Misses
Cisco Systems reported quarterly revenue of $15.35 billion, up 9.7% year-over-year, driven by a 28.8% contribution from EMEA that generated $4.43 billion, a 12.4% upside versus forecasts. APJC revenue was $2.08 billion (13.6% of total), missing forecasts by 4.1%.
1. Overall Quarterly Performance
Cisco reported quarterly revenue of $15.35 billion, marking a 9.7% increase from the year-ago period. International markets accounted for 42.4% of total sales, underscoring the company’s reliance on overseas demand for routers, switches, software and services.
2. APJC Regional Performance
The APJC region generated $2.08 billion in revenue, representing 13.6% of total sales and missing forecasts by 4.1%. This compares with $2.11 billion (14.2% of sales) in the prior quarter and $1.93 billion (13.8%) in the year-ago period.
3. EMEA Regional Performance
EMEA revenues reached $4.43 billion, or 28.8% of the quarterly total, beating forecasts by 12.4%. This was up from $3.78 billion (25.4%) in the preceding quarter and $3.86 billion (27.6%) a year earlier.
4. Outlook and Projections
Analysts project next quarter revenue of $15.52 billion, with APJC contributing $2.17 billion (14% share) and EMEA $3.85 billion (24.8%). Full-year revenue is forecast at $61.49 billion, up 8.5%, with APJC and EMEA expected to deliver $8.7 billion and $15.53 billion respectively.