Cisco Systems(CSCO) - 2024 Q3 - Quarterly Results

Exhibit 99.1 Press Contact: Investor Relations Contact: Robyn Blum Sami Badri Cisco Cisco 1 (408) 930-8548 1 (469) 420-4834 rojenkin@cisco.com sambadri@cisco.com CISCO REPORTS THIRD QUARTER EARNINGS News Summary: • $12.7 billion in revenue, down 13% year over year, in line with expectations and reflects our customers’ continued implementation of products on-hand • Strong profitability with GAAP gross margin of 65.1% and non-GAAP gross margin of 68.3% • Transformed business model, further enhanced by the Spl ...