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CLAIM #17448 · CSCO (CSCO) · 2022Q2 earnings call · Feb 16, 2022 · due Aug 31, 2022

As more and more becomes digitized, we expect our momentum to continue.

Chuck Robbins · CEO

PENDING
graded after results covering Aug 31, 2022 are reported

In context

tnerships with our customers across our entire portfolio. Now I'd like to spend a few minutes covering our results in more detail in what we are seeing in the market. We delivered solid top line growth combined with margins and earnings that exceeded the high ends of our guidance despite operating in a supply-constrained and inflationary environment. The robust demand we saw in Q1 continued into Q2, with product order growth of 33%. Our third consecutive quarter of order growth of 30% or higher with momentum once again across all geographic regions and customer markets. For example, in our enterprise business, we delivered 37% order growth, the highest in over 12 years as large customers prioritize investments to modernize their networks and enable new digital capabilities and resiliency. As more and more becomes digitized, we expect our momentum to continue. We believe the need for highly secure, seamless connectivity, hybrid cloud and hybrid work solutions, along with edge computing will drive growth for Cisco. The opportunity ahead of us is clear as demonstrated by our growing pipeline and record backlog, which more than doubled from a year ago and will convert into revenue in the coming quarters. In our web scale business, we delivered another incredible quarter. Our order growth was up more than 70% year-over-year, which is over 100% growth on a trailing four-quarter basis. We continue to see exceptional performance, driven by the rapid pace of adoption of our 400-gig solutions and our routed optical networking portfolio, which grew over 50%, fueled by the Cisco 8000 product line, Acacia and Silicon One. We're also seeing tremendous tract

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SEC filings for CSCO · Claim quote is verbatim from the 2022Q2 earnings call.