Cisco Live/Business Insider
Cisco CEO Chuck Robbins
It's a beat across the board, but the stock is only slightly up (~1%) in after hours trading.
These are the most important numbers, versus analyst estimates:
EPS: $0.59 vs. $0.56 expected
Revenue: $12.8 billion vs. $12.65 billion expected
This is the first earnings for Chuck Robbins as Cisco's CEO, after replacing John Chambers on July 26.
"I'm stepping into the CEO role at an incredibly exciting time for Cisco. We closed out our fiscal year with record revenues and record non-GAAP EPS, for both Q4 and FY15. I'm particularly pleased with the strong growth of deferred revenue which shows we are very effectively driving our business to a more predictable software-based business model, at the same time as growing revenues and earnings," Robbins said in a statement.
Robbins' appointment has caused some major management changes as Cisco. Two of its top leaders, COO Gary Moore and president Rob Lloyd, left the company, while CTO Padmasree Warrior was recently replaced by Zorawar Biri Singh.
Developing...