Core Insights - Cisco reported a fourth consecutive quarter of declining revenue, with results surpassing analysts' expectations, leading to a slight stock decline of about 1% in extended trading [1] - The company experienced a 6% revenue drop to $13.84 billion compared to $14.7 billion a year earlier, with net income falling to $2.71 billion from $3.64 billion [1] - Networking revenue decreased by 23% to $6.75 billion, while security revenue doubled to $2.02 billion, exceeding analyst expectations [2] - Cisco's CEO noted that orders for AI infrastructure from large clients exceeded $300 million in the quarter, with a target of $1 billion in AI orders for the fiscal year [3] - The company raised its full-year guidance for adjusted earnings per share to a range of $3.60 to $3.66, with projected revenue between $55.3 billion and $56.3 billion, indicating a potential revenue growth of 3.3% [4] - Cisco's stock has increased by 17% year-to-date, while the S&P 500 index has risen approximately 26% during the same period [5]

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2][3] - The news team covers key finance and investing hubs, including London, New York, Toronto, Vancouver, Sydney, and Perth [2] - Proactive specializes in medium and small-cap markets while also keeping the community updated on blue-chip companies, commodities, and broader investment stories [2][3] Group 2 - The team delivers news and insights across various sectors, including biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] - Proactive adopts technology to enhance workflows and improve content production [3][4] - All content published by Proactive is edited and authored by humans, ensuring adherence to best practices in content production and search engine optimization [4]

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 News Summary: • Broad-based acceleration in product orders reflecting normalizing demand • Product orders up 20% year over year; up 9% year over year excluding Splunk • Revenue of $13.8 billion in Q1, at the high end of our guidance range • Strong profitability: • GAAP gross margin of 65.9% and non-GAAP gross margin of 69.3%, above our guidance ran ...

Core Viewpoint - Cisco reported a strong start to fiscal 2025 with a 20% year-over-year increase in product orders, reflecting normalizing demand, despite a 6% decline in total revenue compared to the previous year [1][4]. Financial Performance - **Q1 FY 2025 Results**: - Revenue: $13.8 billion, down 6% year-over-year [2][4]. - GAAP EPS: $0.68, a decrease of 24% year-over-year; Non-GAAP EPS: $0.91, down 18% year-over-year [2][5]. - Gross margin: GAAP gross margin at 65.9%, non-GAAP gross margin at 69.3%, both above guidance [1][4]. - **Revenue Breakdown**: - Product revenue decreased by 9%, while services revenue increased by 6% [4]. - Geographic revenue performance: Americas down 9%, EMEA down 2%, APJC up 1% [4][11]. - **Operating Income**: - GAAP operating income was $2.4 billion, down 45%, with a GAAP operating margin of 17.0% [4][5]. - Non-GAAP operating income was $4.7 billion, down 12%, with a non-GAAP operating margin of 34.1% [4]. Guidance - **Q2 FY 2025 Guidance**: - Expected revenue between $13.75 billion and $13.95 billion [6]. - GAAP EPS forecasted between $0.51 and $0.56; Non-GAAP EPS between $0.89 and $0.91 [6]. - **FY 2025 Guidance**: - Projected revenue between $55.3 billion and $56.3 billion [7]. - GAAP EPS expected between $2.26 and $2.38; Non-GAAP EPS between $3.60 and $3.66 [7]. Cash Flow and Capital Allocation - Cash flow from operating activities was $3.7 billion, an increase of 54% year-over-year [5]. - The company returned $3.6 billion to stockholders through share buybacks and dividends in Q1 FY 2025 [5]. Acquisitions - Cisco completed acquisitions of DeepFactor, Inc. and Robust Intelligence, Inc. in Q1 FY 2025, enhancing its capabilities in cloud-native application security and AI security solutions [6].

Cisco Systems is scheduled to report earnings after Wednesday’s close. In 2000, the stock hit a record high near $82/share and is currently trading near $60/share. The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are strong. Conversely, if the numbers disappoint, the stock can easily gap down. To help you prepare, here is what the Street is expecting:Signage with logo at the Silicon Valley headquarters of networking company Cisco, San Jose, ... [+] California, Au ...

CoreWeave, a startup that rents out Nvidia's artificial intelligence chips to other companies, said Wednesday that it closed a $650 million secondary share sale, with Cisco and Pure Storage investing alongside financial institutions.In the transaction, CoreWeave's existing stakeholders are selling shares to outside investors. Bloomberg reported last month that CoreWeave was targeting a $23 billion valuation for the deal, up from $19 billion in a $1.1 billion investment round announced in May.CoreWeave is go ...

Group 1 - LTIMindtree is leveraging Cisco Secure Access as its new security service edge (SSE) solution to protect its 80,000 hybrid workers with secure internet access, advanced zero trust network access, and embedded AI [1][2][3] - The partnership between LTIMindtree and Cisco has been extended to deliver integrated Secure Access Service Edge (SASE) solutions, enhancing security for both remote and in-office workers [3][4] - Cisco Secure Access simplifies operations for IT organizations by providing a unified console and AI-guidance, facilitating a pathway to zero trust and zero trust network access (ZTNA) [4] Group 2 - The deployment of Cisco Secure Access by LTIMindtree is aimed at combating rising AI-powered threats and ensuring seamless security for hybrid work environments [4] - LTIMindtree serves over 700 clients globally, utilizing its extensive domain and technology expertise to drive digital transformation and competitive differentiation [8]

Brian Gilmartin, is a portfolio manager at Trinity Asset Management, a firm he founded in May, 1995, catering to individual investors and institutions that werent getting the attention and service deserved, from larger firms. Brian started in the business as a fixed-income / credit analyst, with a Chicago broker-dealer, and then worked at Stein Roe & Farnham in Chicago, from 1992 - 1995, before striking out on his own and managing equity and balanced accounts for clients. Brian has a BSBA (Finance) from Xav ...

A leap forward in wireless: AI-native, self-configuring and built for resilient, secure connectionsNews Summary: Cisco introduces Wi-Fi 7 access points, with the intelligence, security and assurance of Cisco's advanced networking portfolio. New AI-native wireless is location-aware, instantly adapts to any environment and continuously optimizes—with the power of Cisco Spaces built in to create smart workplaces. Unified subscription and hardware give Cisco customers ultimate flexibility by offering a seamles ...

Core Viewpoint - Cisco Systems (CSCO) is expected to report first-quarter fiscal 2025 results on November 13, with anticipated revenues between $13.65 billion and $13.85 billion and non-GAAP earnings between 86 and 88 cents per share [1]. Revenue and Earnings Estimates - The Zacks Consensus Estimate for revenues is $13.76 billion, reflecting a 6.17% decline from the previous year's quarter. The consensus for earnings is steady at 87 cents per share, indicating a year-over-year decline of 21.62% [2]. - Cisco's earnings have surpassed the Zacks Consensus Estimate in the last four quarters, with an average beat of 4.93% [2]. Key Factors Impacting Earnings - Cisco is facing sluggish networking sales due to weak demand from telecommunications and cable service providers, along with excess inventory affecting growth [4]. - In Q4 fiscal 2024, Cisco reported revenues of $13.64 billion, down 10.3% year-over-year, primarily due to a 15.4% decline in product revenues, which constituted 72.3% of total revenues [4]. Segment Performance - The Zacks Consensus Estimate for networking revenues is $6.909 billion, indicating a 21.7% year-over-year decline. Collaboration revenues are estimated at $1.065 billion, reflecting a 4.7% decline [5]. - Conversely, security revenues are expected to reach $1.816 billion, driven by strong demand for solutions like XDR, Secure Access, and Multicloud Defense [6][5]. Stock Performance - Cisco shares have increased 14.9% year-to-date, underperforming the Zacks Computer & Technology sector's 30.4% increase but outperforming the Computer Networking industry's 14.2% return [7]. - The current Price/Sales ratio for Cisco is 4.12, higher than the industry's 3.58, indicating a stretched valuation [7]. Growth Opportunities - The rise in AI-related workloads presents a significant growth opportunity for Cisco, with a total market opportunity of $950 billion and expected CAGRs of 6% in current markets and 16% in expansion markets from 2025 to 2027 [9]. - Cisco's investments in AI, cloud, and cybersecurity are notable, with over $1 billion in AI orders from hyperscalers and a similar amount in the pipeline for fiscal 2025 [10]. Security Segment Insights - The security segment is projected to grow with a CAGR of 8% in current markets and 14% in expansion markets from 2025 to 2027, bolstered by the Splunk acquisition [11]. - Cisco's addressable market in the infrastructure domain is estimated at $221 billion, benefiting from the increasing use of AI and cloud technologies [12]. Long-term Prospects - Recovery in networking demand is expected to enhance Cisco's long-term prospects, with innovations in switching, routing, security, and observability aiding customer automation [13]. - A strong partner base, including collaborations with Meta Platforms, Microsoft, NVIDIA, and AT&T, is crucial for Cisco's growth [14]. Conclusion - While near-term results may be impacted by sluggish networking business, Cisco's expanding portfolio, growth in cybersecurity, and strong partnerships are key catalysts for potential recovery in fiscal 2025 [17].