Cisco Systems (CSCO) Revenue — Quarter Ended Oct 28, 2023
Revenue for the quarter declined compared to the immediately preceding quarter. Compared with the same quarter one year earlier, revenue increased.
Key takeaway
Quarter ended Oct 28, 2023 · FY2024 Q1
Revenue for the quarter declined compared to the immediately preceding quarter. Compared with the same quarter one year earlier, revenue increased.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$14.7B
Revenue reported for this quarter.
Quarter-over-quarter
-3.5%
Change from the immediately preceding quarter.
Year-over-year
+7.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$58B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jan 28, 2023 | $13.6B | +6.9% |
| Apr 29, 2023 | $14.6B | +13.5% |
| Jul 29, 2023 | $15.2B | +16.0% |
| Oct 28, 2023 | $14.7B | +7.6% |
Revenue performance
The reported revenue shows a sequential decrease from the prior quarter. This follows a period of sequential growth in the preceding three quarters.
Quarterly comparison
Revenue was lower than the immediately preceding quarter but higher than the same quarter one year earlier. The year-over-year comparison reflects continued expansion relative to the prior fiscal year’s first quarter.
What to watch
The shift from sequential growth to a decline warrants monitoring in the context of order trends and backlog conversion.