By Denny Jacob
Cisco Systems is set to post fourth-quarter results on Wednesday after the market closes. Here’s what you need to know.
REVENUE: The networking-equipment company is expected to report $15.05 billion in revenue, up from $13.1 billion in the year-ago period, according to FactSet.
ADJUSTED EARNINGS: The San Jose, Calif.-based company is expected to post adjusted earnings of $1.06 a share compared with 83 cents a share a year earlier, according to FactSet.
NET INCOME: Cisco is expected to report $3.56 billion in net income, up from $2.82 billion in the prior-year period, according to FactSet.
WHAT TO WATCH
— ACQUISITIONS: Look to see if Cisco will offer greater details on some of its recent acquisitions and how they fit in with the company’s long-term vision. In June, Cisco said it would purchase performance analytics company Accedian from private equity firm Bridge Growth Partners. Earlier this month, Telenor said the Working Group Two software company that it spun out in 2017 will be bought by Cisco in a deal valued at $150 million.
— OUTLOOK: Investors will be watching to see if Cisco’s outlook for 2024 has changed. The company previously called for modest revenue growth in the fiscal year.
Write to Denny Jacob at [email protected]
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