Cisco Systems (CSCO) Revenue — Quarter Ended Jan 27, 2024
Revenue declined in the quarter. The decline was observed both sequentially and compared to the same period one year earlier.
Key takeaway
Quarter ended Jan 27, 2024 · FY2024 Q2
Revenue declined in the quarter. The decline was observed both sequentially and compared to the same period one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$12.8B
Revenue reported for this quarter.
Quarter-over-quarter
-12.8%
Change from the immediately preceding quarter.
Year-over-year
-5.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$57.2B
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 |
|---|---|---|
| Apr 29, 2023 | $14.6B | +13.5% |
| Jul 29, 2023 | $15.2B | +16.0% |
| Oct 28, 2023 | $14.7B | +7.6% |
| Jan 27, 2024 | $12.8B | -5.9% |
Revenue performance
The reported revenue was lower than the prior quarter, and it also fell short of the level from a year ago.
Quarterly comparison
Sequentially, revenue decreased from the immediately preceding quarter. On an annual basis, revenue was also down relative to the same quarter last year.
What to watch
Inventory levels at the end of the quarter were lower than at the end of the prior fiscal year, which may reflect demand or supply adjustments.