Core Insights - Cisco Systems (CSCO) reported first-quarter fiscal 2026 non-GAAP earnings of $1 per share, exceeding the Zacks Consensus Estimate by 2.04% and reflecting a year-over-year increase of 9.9% [1] - Revenues reached $14.88 billion, surpassing the Zacks Consensus Estimate by 0.71%, with a year-over-year growth of 7.5% [2] Financial Performance - Total Annual Recurring Revenues (ARR) were $31.4 billion, up 5%, with product ARR growth of 7% [2] - Total subscription revenues amounted to $8 billion, representing 54% of Cisco's total revenues [2] - Total software revenue increased by 3% year over year to $5.7 billion [2] - Product revenues in Q1 were $11.08 billion, accounting for 74.4% of total revenues, with a year-over-year increase of 9.5% [5] - Service revenues were $3.81 billion, making up 25.6% of total revenues, and increased by 2.1% year over year [5] Segment Performance - Networking revenues were $7.77 billion, up 15% year over year [4] - Security revenues decreased by 2% to $1.98 billion [4] - Collaboration revenues fell by 3% to $1.06 billion [4] - Observability revenues increased by 6% to $274 million [4] Geographic Performance - Americas' revenues grew by 9% year over year to $8.99 billion [6] - EMEA revenues climbed by 5% year over year to $3.78 billion [6] - APJC revenues also increased by 5% year over year to $2.11 billion [6] Operating Metrics - Non-GAAP gross margin was 68.1%, expanding by 120 basis points year over year [7] - Non-GAAP operating income was $5.12 billion, reflecting an 8.4% year-over-year increase [8] - Operating margin improved by 30 basis points year over year to 34.4% [8] Balance Sheet and Cash Flow - As of October 25, 2025, cash and cash equivalents totaled $15.7 billion, down from $16.1 billion [9] - Total debt remained stable at $28.1 billion [9] - Cisco returned $3.6 billion to stockholders through share buybacks and dividends [10] Guidance - For Q2 fiscal 2026, Cisco expects non-GAAP earnings between $1.01 and $1.03 per share, with revenues projected between $15 billion and $15.2 billion [11] - For the full fiscal 2026, non-GAAP earnings are expected to be between $4.08 and $4.14 per share, with revenues anticipated between $60.2 billion and $61 billion [12]

Core Insights - Cisco Systems reported $14.88 billion in revenue for the quarter ended October 2025, marking a year-over-year increase of 7.5% and an EPS of $1.00 compared to $0.91 a year ago, exceeding the Zacks Consensus Estimate of $14.78 billion by 0.71% [1] Revenue Breakdown - Revenue from Networking products was $7.77 billion, surpassing the estimated $7.34 billion by analysts, reflecting a 15% increase year-over-year [4] - Revenue from Observability products was $274 million, slightly below the estimated $288.48 million, with a year-over-year increase of 6.2% [4] - Services revenue reached $3.81 billion, aligning closely with the $3.8 billion average estimate, representing a 2.1% year-over-year increase [4] - Security product revenue was $1.98 billion, falling short of the $2.24 billion estimate, indicating a year-over-year decline of 1.8% [4] - Total Product revenue was $11.08 billion, exceeding the $10.95 billion estimate, with a year-over-year growth of 9.5% [4] - Collaboration product revenue was $1.06 billion, below the $1.09 billion estimate, reflecting a year-over-year decrease of 2.8% [4] Gross Margin Insights - Non-GAAP Gross Margin for Services was reported at $2.69 billion, matching the average estimate [4] - Non-GAAP Gross Margin for Products was $7.45 billion, slightly above the estimated $7.38 billion [4] Stock Performance - Cisco shares returned +4.4% over the past month, compared to the Zacks S&P 500 composite's +4.6% change, with a current Zacks Rank of 3 (Hold) indicating potential performance in line with the broader market [3]

Core Insights - Cisco Systems (CSCO) reported $14.67 billion in revenue for the quarter ended July 2025, marking a year-over-year increase of 7.6% and an EPS of $0.99 compared to $0.87 a year ago, exceeding Zacks Consensus Estimates for both revenue and EPS [1] Revenue Breakdown - Revenue from Networking products was $7.63 billion, surpassing the average estimate of $7.19 billion, with a year-over-year change of +12.2% [4] - Revenue from Observability products was $259 million, below the estimated $288.55 million, reflecting a +4.4% change year-over-year [4] - Revenue from Services was $3.79 billion, slightly below the average estimate of $3.88 billion, with a year-over-year change of +0.1% [4] - Revenue from Security products was $1.95 billion, below the estimated $2.2 billion, showing a +9.2% change year-over-year [4] - Total Product revenue was $10.89 billion, exceeding the average estimate of $10.72 billion, with a year-over-year change of +10.4% [4] - Revenue from Collaboration products was $1.04 billion, matching the average estimate, with a +2.3% change year-over-year [4] Gross Margin Insights - Non-GAAP Gross Margin for Services was $2.68 billion, slightly below the average estimate of $2.75 billion [4] - Non-GAAP Gross Margin for Products was $7.35 billion, exceeding the average estimate of $7.18 billion [4] Stock Performance - Cisco shares have returned +6.3% over the past month, outperforming the Zacks S&P 500 composite's +3.1% change, with a Zacks Rank 2 (Buy) indicating potential for further outperformance [3]

Core Insights - ePlus inc. reported improved gross profit and gross margin for the fourth quarter and full year of fiscal year 2025, with double-digit growth in earnings per share (EPS) for the fourth quarter [3][4][13] Financial Performance - For the fourth quarter ended March 31, 2025, consolidated net sales decreased by 10.2% to $498.1 million from $554.5 million, while technology business net sales decreased by 10.4% to $487.2 million [5][8] - Consolidated gross profit increased by 11.8% to $145.8 million, with a gross margin of 29.3%, compared to 23.5% in the previous year [10][8] - Net earnings rose by 14.6% to $25.2 million, and diluted EPS increased by 15.9% to $0.95 [13][8] Yearly Overview - For the fiscal year ended March 31, 2025, consolidated net sales decreased by 7.0% to $2,068.8 million from $2,225.3 million, with technology business net sales down by 7.7% to $2,009.1 million [14][19] - Consolidated gross profit for the year increased by 3.3% to $569.1 million, with a gross margin of 27.5%, up from 24.8% in fiscal year 2024 [19][21] - Net earnings for the fiscal year decreased by 6.7% to $108.0 million, with diluted EPS down by 6.5% to $4.05 [21][22] Segment Performance - Professional service revenues increased by 48.4% in the fourth quarter to $60.4 million, primarily due to the acquisition of Bailiwick Services, LLC [7][4] - Managed service revenues grew by 16.6% to $44.5 million, driven by growth in Enhanced Maintenance Support and Cloud services [8][17] - The financing business segment saw net sales increase by 4.9% to $10.9 million, attributed to higher transactional gains and portfolio earnings [9][41] Operational Highlights - Operating expenses increased by 9.6% to $111.0 million, mainly due to higher salaries and benefits from increased headcount [11][20] - The company’s headcount rose to 2,199, up by 299 from the previous year, largely due to the acquisition of Bailiwick Services, LLC [11][20] - Cash and cash equivalents as of March 31, 2025, were $389.4 million, up from $253.0 million a year earlier [23][20] Strategic Outlook - ePlus is initiating fiscal year 2026 guidance for net sales growth in low single digits, with gross profit and adjusted EBITDA expected to grow in the mid-single digits [24][25] - The company remains focused on evolving its service and product offerings, particularly in fast-growing areas such as AI, cloud, security, and networking [25][4]

Core Insights - Cisco Systems (CSCO) reported third-quarter fiscal 2025 non-GAAP earnings of 96 cents per share, exceeding the Zacks Consensus Estimate by 5.49%, and reflecting a year-over-year increase of 9.1% [1] - Revenues reached $14.15 billion, surpassing the Zacks Consensus Estimate by 0.65%, with an 11.4% year-over-year growth [1] - Cisco shares rose 4.13% in pre-market trading, with a year-to-date gain of 3.6%, outperforming the Zacks Computer & Technology sector's 2.4% decline [1] Revenue Breakdown - Networking revenues for Q3 fiscal 2025 were $7.06 billion, an 8% increase year-over-year [2] - Security revenues surged to $2.01 billion, up 54% year-over-year [2] - Collaboration revenues reached $1.03 billion, growing 4% year-over-year [2] - Observability revenues were $261 million, reflecting a 24% year-over-year growth [2] Product and Service Revenues - Total product revenues were $10.37 billion, accounting for 73.3% of total revenues, with a 15% year-over-year increase [3] - Service revenues amounted to $3.77 billion, making up 26.7% of total revenues, with a 2.6% year-over-year increase [3] - Annualized Recurring Revenues (ARR) for the quarter were $30.6 billion, up 5% year-over-year, with product ARR growth of 8% [3] Regional Performance - Americas revenues increased 14% year-over-year to $8.38 billion [4] - EMEA revenues rose 8% year-over-year to $3.73 billion [4] - APJC revenues climbed 9% year-over-year to $2.03 billion [4] - AI Infrastructure orders from webscale customers exceeded $600 million, surpassing the $1 billion annual target a quarter ahead of schedule [4] Operating Expenses and Margins - Non-GAAP gross margin was 68.6%, expanding 30 basis points year-over-year [5] - Non-GAAP product gross margin increased 200 basis points year-over-year to 49.6%, while service gross margin decreased 170 basis points to 19% [5] - Total non-GAAP operating expenses were $4.82 billion, up 11.5% year-over-year, maintaining 34% of revenues [5] - Non-GAAP operating income was $4.88 billion, up 12.2% year-over-year, with an operating margin of 34.5% [6] Balance Sheet Overview - As of April 26, 2025, cash and cash equivalents and investments totaled $15.6 billion, down from $16.9 billion as of January 25, 2025 [7] - Total debt was $29.2 billion, compared to $31.03 billion at the end of the prior quarter [7] Remaining Performance Obligations - Remaining performance obligations (RPO) at the end of Q3 fiscal 2025 were $41.7 billion, up 7%, with 51% expected to be recognized as revenues over the next 12 months [8] - Product RPO increased by 10%, while services RPO grew by 5% [8] Shareholder Returns - In Q3 fiscal 2025, Cisco returned $3.1 billion to stockholders through share buybacks and dividends, repurchasing approximately 25 million shares of common stock [9] Future Guidance - For Q4 fiscal 2025, Cisco expects non-GAAP earnings between 96 cents and 98 cents per share, with revenues projected in the range of $14.5 billion to $14.7 billion [10] - Non-GAAP gross margins are anticipated to be between 67.5% and 68.5%, and non-GAAP operating margin is expected to be between 33.5% and 34.5% [10] - For fiscal 2025, Cisco forecasts non-GAAP earnings between $3.77 and $3.79 per share, with total revenues expected to be in the range of $56.5 billion to $56.7 billion [11]

Core Insights - Cisco Systems reported revenue of $14.15 billion for the quarter ended April 2025, reflecting an 11.4% increase year-over-year and a surprise of +0.65% over the Zacks Consensus Estimate of $14.06 billion [1] - The earnings per share (EPS) was $0.96, up from $0.88 in the same quarter last year, with a surprise of +5.49% compared to the consensus estimate of $0.91 [1] Revenue Breakdown - Product revenue reached $10.37 billion, exceeding the six-analyst average estimate of $10.08 billion, marking a year-over-year increase of +15% [4] - Service revenue was reported at $3.78 billion, slightly below the $3.82 billion average estimate, with a year-over-year change of +2.6% [4] - Security product revenue was $2.01 billion, lower than the estimated $2.21 billion, but showed a significant year-over-year increase of +54.4% [4] - Observability product revenue was $261 million, compared to the average estimate of $276.09 million [4] - Networking product revenue was $7.07 billion, surpassing the estimated $6.76 billion, with a year-over-year increase of +8.4% [4] - Collaboration product revenue was $1.03 billion, exceeding the five-analyst average estimate of $1 billion, representing a year-over-year change of +4.5% [4] Gross Margin Performance - Non-GAAP gross margin for services was $2.69 billion, slightly below the estimated $2.72 billion [4] - Non-GAAP gross margin for products was $7.01 billion, exceeding the estimated $6.66 billion [4] Stock Performance - Cisco shares have returned +8% over the past month, compared to the Zacks S&P 500 composite's +9.9% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]