=Cisco Systems (CSCO) reported earnings on Wed 14 Aug 2019 (a/h)

Cisco Systems beats by $0.01, reports revs in-line; guides Q1 EPS below consensus, revs below consensus

Reports Q4 (Jul) earnings of $0.83 per share, excluding non-recurring items, $0.01 better than the S&P Capital IQ Consensus of $0.82; revenues rose 4.5% year/year to $13.43 bln vs the $13.39 bln S&P Capital IQ Consensus, with product revenue up 7% and service revenue up 4%. Revenue by geographic segment was: Americas up 9%, EMEA up 7%, and APJC down 4%. Product revenue performance was broad based with growth in Security, up 14%, Applications, up 11%, and Infrastructure Platforms, up 6%. Non-GAAP gross margin 65.5% vs. 64-65% guidance

Co issues downside guidance for Q1, sees EPS of $0.80-0.82, excluding non-recurring items, vs. $0.83 S&P Capital IQ Consensus; sees Q1 revs +0-2% to ~$12.68-12.93 bln vs. $13.41 bln S&P Capital IQ Consensus.