MAAT INDEX

CLAIM #17463 · CSCO (CSCO) · 2022Q2 earnings call · Feb 16, 2022 · due Nov 30, 2022

And I think that will just happen gradually over the course of the next few quarters. So I'm not expecting a significant bump in any given quarter.

Scott Herren · CFO

PENDING
graded after results covering Nov 30, 2022 are reported

In context

tent. There were gives and takes throughout the quarter, but I think at a macro level, that’s where I’d characterize it. They were a little bit towards the end some Omicron effect with people being sick and not being able to show up in factories and some of the logistics issues that are well documented. But in general, that’s what we saw. We don’t have – I wouldn’t say we have a great timeline for you as to when things begin to improve. All we know now is we expect this to be with us through the second half of our year. Scott, would you add? Scott Herren: Yes. No, I think that’s right. That’s in sync with our expectations. And Ittai to your question on how does this unwind, it’s – I don’t believe it unwinds in a lumpy fashion. I think it’ll unwind as supply and demand get more in balance. And I think that will just happen gradually over the course of the next few quarters. So I’m not expecting a significant bump in any given quarter. I think the supply frees up with $14 billion of backlog, we’ve got plenty of demand to go off and fulfill. It’s really a question of when does that supply free up. And as it does free up, I think it will happen gradually over time. Ittai Kidron: Got it. Maybe, Scott, just to clarify this last point, is there any way for you to know how much of this backlog is double ordering? I don’t know what it means from a customer standpoint that you have all this backlog are customers really waiting for a long time to product? And what is the risk you have some kind of double order elements in these figures? Chuck Robbins: Ittai, that’s something that we’ve been alert to and watching for since we began building the backlog after three consecutive quarters of demand growth in the 30% range and revenue

Verify independently

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