CLAIM #17611 · CSCO (CSCO) · 2023Q3 earnings call · May 17, 2023 · due Jul 31, 2024
“And as we look ahead, it's a time to be prudent, and so we see that happening again in fiscal 2024.”
Scott Herren · CFO
In context
“, if you look at the last two years, we've actually grown EPS faster than revenue. And as we look to Q4 and then beyond, it's pretty clear that with the gross margin expansion and with our expense management that we are implementing, we can still fund the investment areas that we need to fund as well as actually deliver higher EPS growth rates than revenue, which is what a lot of our investors have been asking for. And so we believe that's quite feasible for us to do now. Scott, do you have any comments on that? Scott Herren: No. I think you touched on the key points. We will continue to invest in growth. But we also – as you've seen in the last two years, you've seen us do this, grow the bottom line faster than the top line in fiscal 2022 and at the midpoint of our guide for fiscal 2023. And as we look ahead, it's a time to be prudent, and so we see that happening again in fiscal 2024. Samik Chatterjee: Yes. Thank you. Marilyn Mora: Thank you. Next question, please. Operator: Thank you. Simon Leopold with Raymond James. You may go ahead, sir. Simon Leopold: Thanks for taking the question. At the beginning of May, Cisco announced a Capital Business Acceleration Program as a part of Cisco Capital. This is a topic we haven't talked about much on recent calls. I'd just like a little bit better understanding as to what's the strategy, thought process and rationale for implementing that program? Thank you. Scott Herren: Yes. Simon, thanks for the question. That's something that you've seen us do in the past. It's more a reflection of interest rates jumping up to 5%. Our customers needing to get their hands on technology to continue to advance their own strategies and us just”
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SEC filings for CSCO ↗ · Claim quote is verbatim from the 2023Q3 earnings call.