Cisco Systems (CSCO) reported stronger-than-expected results for its first fiscal 2025 quarter. Revenue came in at $13.84 billion, surpassing the estimated $13.77 billion. Adjusted earnings per share were $0.91, topping the estimated $0.87. However, the stock price declined on the annual guidance. Cisco CFO Scott Herren joins Catalysts to discuss the company’s performance. Herren expressed confidence in the quarter, stating, "I feel really good." He explains that the year-over-year revenue decline was due to a comparison quarter with significant shipments of backlogged orders. Looking at the underlying data, Herren notes that demand and orders continue to show double-digit growth, stating the strength was "pretty broad brush…across our product lines." "I think one of the bright spots … was the strength that we had in our gross margin line, which then fell through to being above range on operating margins as well," Herron states, adding "I think that the work that we’ve done and the great financial discipline that we’re known for is paying off."
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