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Cisco’s revenue returned to growth in Q4

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Miguel A. Rodriguez
Miguel A. Rodriguez
20 May 2021
The developer, manufacturer, and seller of networking hardware, software, various tech equipment break its five-quarter streak of revenue declines, according to its latest earnings report

For fiscal fourth-quarter 2021, Cisco reported an adjusted EPS of 83 cents, on revenues of $12.80 billion. As mentioned before, the company reversed the revenue declines reported for five consecutive quarters, and it posted a 7% growth year-over-year.

Like automakers and other business, Cisco has been facing supply chain challenges. The setback impacted the adjusted gross margin for the fiscal Q4 2021, as the company continues to incur expenses, to make sure its products get to customers.

With respect to guidance, Cisco sees its adjusted EPS to reach a high of 83 cents, while the revenue is expected to increase as much as 8%.  According to the company’s CEO Chuck Robbins, the revenue guidance would have been higher if it wasn’t for the current supply dynamics.

Year-to-date, Cisco share went up about 17%, while USA500 added 9% over the same period.

Source: cnbc.com

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.