CLAIM #17424 · CSCO (CSCO) · 2021Q4 earnings call · Aug 18, 2021 · due Feb 18, 2023
“That is our expectation, Paul. Over time, I mean, again, I don't want to predict that for this fiscal year, just given some of the uncertainties in the supply chain, but it is our expectation that it gets back there and over the longer term as we continue to build a bigger mix of software into our revenue stream, that should also provide a bit of a tailwind to our margins.”
Scott Herren · CFO
In context
“to get into -- Paul, I know what you're poking at. I really don't want to get into parsing down the elements of that, but the core principle is balanced profitable growth. Chuck Robbins: Paul -- Paul Silverstein: Can I ask -- Chuck Robbins: Go ahead, Paul. Go ahead. Paul Silverstein: Just one last question on this. Is there any reason why your cost structure from a gross margin perspective -- we envision going back to the 21st Century and getting beyond COVID? Is there any reason why your gross margin structure would not go back to where it was if not better, I recognize you've got mixed in other factors that influence one way or the other from quarter to quarter, but as a general proposition, should we expect the gross margin structure will return to what it was pre-COVID? Scott Herren: That is our expectation, Paul. Over time, I mean, again, I don't want to predict that for this fiscal year, just given some of the uncertainties in the supply chain, but it is our expectation that it gets back there and over the longer term as we continue to build a bigger mix of software into our revenue stream, that should also provide a bit of a tailwind to our margins. Paul Silverstein: I appreciate it. Marilyn Mora: Thanks, Paul. Michelle, next question. Operator: Aaron Breakers from Wells Fargo. You may go ahead. Aaron Breakers: Yes. Thanks for taking the question, and congrats on a good quarter. I wanted to ask the supply chain question a little bit differently. As you see the order momentum in the pipeline build commentary that you laid out, obviously, is quite positive. How are you assessing the perishability of demand? Are you seeing any signs where customers might be double ordering, or how do you just think about that in the function of the guidance that you've laid out? Chuck Robbins: Aaron, this is Chuck Thank you for that. Look, we expected to be asked about pull-ahead. I think there's a couple of things that I would say, we obviously can't c”
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SEC filings for CSCO ↗ · Claim quote is verbatim from the 2021Q4 earnings call.