CLAIM #17747 · CSCO (CSCO) · 2024Q4 earnings call · Aug 14, 2024 · due Jul 31, 2025
“We believe this will result in strong growth and profitability as we enter fiscal 2025.”
Chuck Robbins · CEO
In context
“s from design to validated deployment to monitoring and assurance when it becomes available later this fiscal year. We are also enhancing our own productivity by using AI in our services and customer experience organization. We have a robust AI and automation framework that touches at least 50% of our service requests. In addition, we are incorporating AI assistance into our products so that our customer and partners have efficient options to access support. Before I hand it over to Scott, I want to take a moment to thank our teams for all their hard work to close out the year and their relentless focus on our customers. In closing, while we're pleased with our performance in a dynamic environment, we know we have to drive strong execution to be successful in the growing markets we serve. We believe this will result in strong growth and profitability as we enter fiscal 2025. I'll now turn it over to Scott to provide more detail on the quarter and our outlook. Scott Herren: Thanks, Chuck. I'll start with a summary of our financial results for the quarter, then cover the full-fiscal year, followed by our guidance. Our Q4 results reflect solid execution with strong margins and strength in orders as customer buying patterns begin to return to normal. For the quarter, total revenue was above the high-end of our guidance range at $13.6 billion, down 10% year-over-year comparing against our strongest quarter ever in the fourth quarter of fiscal '23. Float contributed approximately $960 million in revenue for the quarter, in line with our expectations. Non-GAAP net income was $3.5 billion. Non-GAAP earnings per share was above the high-end of our guidance range at $0”
Verify independently
SEC filings for CSCO ↗ · Claim quote is verbatim from the 2024Q4 earnings call.