CLAIM #17733 · Cisco Systems Inc (CSCO) · 2024Q3 earnings call · May 15, 2024

“And as we've stated, we expect the deal to be non-GAAP earnings per share accretive in fiscal '26 and beyond.”

Scott Herren · CFO

How to check this claim

Look at: Non-GAAP earnings per share accretion from the Splunk acquisition, fiscal 2026

It came true if: Company states or reports non-GAAP EPS accretive impact from Splunk acquisition in FY26 (i.e., positive contribution, not dilutive)

Where: Management commentary / guidance on earnings calls, fiscal 2026 (10-K or earnings call transcripts)

Knowable after: 2026-07-31

In context

“tion, there are a few points to bear in mind as you build your models. First, we expect revenue growth to be in the low-to mid-single-digit range next year. Second is the interest impact from the acquisition, which we expect to be a headwind of approximately $350 million per quarter, including both the foregone interest from cash off the balance sheet and the additional interest payments on debt. Third, we're working to quickly integrate Splunk into our product offerings, go-to-market engine and expect to invest in OpEx in fiscal '25 to drive those revenue synergies. Given these points, we expect fiscal '25 operating margin to be in line with our Q4 guidance. We'll give more formal guidance as we get to the next earnings call, but I want to make sure you have those three thoughts in mind. And as we've stated, we expect the deal to be non-GAAP earnings per share accretive in fiscal '26 and beyond. Sami, let's now move into the Q&A. A - Sami Badri: Thank you, Scott. Before we start the Q&A portion of the call, I'd like to remind analysts to ask one question and a single follow-up question. Operator, can we move to the first analyst in the queue? Operator: Thank you. Amit Daryanani with Evercore. You may go ahead. Amit Daryanani: Yes. Thanks for taking my question. I have two. I'll ask them both at the same time. Chuck, it's really nice to hear about inventory digestion sort of being done and order growth getting back to flat and growing in some of the verticals. Some of your tech -- some of the tech companies, I guess, have talked about a softer macro-environment that's resulting in some positive spending. So, I'd love to understand kind of away from the inventory digestion that thi”

Verify independently

SEC filings for CSCO ↗ · Quote is verbatim from the 2024Q3 earnings call.