Cisco Systems Inc (CSCO) Q1 2025 Earnings Report

Cisco Systems Inc reported a strong start to fiscal year 2025, with total revenue reaching $13.8 billion, marking a slight decline of 6% year-over-year but at the high end of the company’s expectations. The increase in recurring revenue streams, particularly in subscription-based models—accounting for 57% of overall revenue—highlights a robust transition towards long-term growth patterns. Management emphasized significant order growth, particularly in areas related to AI infrastructure, which set a positive tone for future quarters. Non-GAAP EPS came in at $0.91, exceeding guidance, supported by improved gross margins, the highest seen in over two decades, at 69.3%.