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CLAIM #17436 · CSCO (CSCO) · 2022Q1 earnings call · Nov 17, 2021 · due Jul 31, 2022

There is no change to our full-year fiscal '22 guidance. We expect revenue growth to be in the range of 5% to 7% year-on-year, non-GAAP earnings per share is expected to range from $3.38, $3.45, also up five to 7% year-over-year.

Scott Herren · CFO

PENDING
graded after results covering Jul 31, 2022 are reported

In context

to make great progress on our business model shift and are continuing to make the investments in innovation to capitalize on our significant growth opportunities. We're seeing progress as we drive the continued shift to more software and subscription revenue, delivering growth and driving shareholder value. Now let me provide our financial guidance for Q2 which is as follows. We expect revenue growth to be in the range of 4.5% to 6.5% year-on-year. We anticipate non-GAAP gross margin to be in the range of 63.5% to 64.5%, reflecting the continuing increase in supply chain costs we're incurring, as we protect shipments to our customers. Our non-GAAP operating margin is expected to be in the range from 32.5% to 33.5%. And non-GAAP earnings per-share is expected to range from $0.80 to $0.82. There is no change to our full-year fiscal '22 guidance. We expect revenue growth to be in the range of 5% to 7% year-on-year, non-GAAP earnings per share is expected to range from $3.38, $3.45, also up five to 7% year-over-year. In both our Q2 and full-year guidance, we are assuming a non-GAAP effective tax rate of 19%. I'll now turn it back to Marilyn so we can move into the Q&A. Marilyn Mora : Thanks, Scott. Michelle, let's go ahead and queue up the Q&A. A - Michelle: Thank you. Sami Badri from Credit Suisse. You may go ahead. Sami Badri: Hi, thank you very much for the question. First question I had was regarding your price increases that you talked about incorporating into your price sheets. Would you say that 100% of the product orders recognized in the quarter reflected the higher price increases that you guys incorporated or were there prior contracts in place that honored prior price sheets for some of your key customers? Could you give us maybe an idea on mix and maybe a straightforward answer on that si

Verify independently

SEC filings for CSCO · Claim quote is verbatim from the 2022Q1 earnings call.