Cisco Systems (CSCO) Revenue — Quarter Ended Apr 27, 2024
Revenue in the latest quarter declined compared to both the immediately preceding quarter and the same quarter one year earlier. The decrease from the prior quarter was modest, while the drop relative to the prior-year period was steeper.
Key takeaway
Quarter ended Apr 27, 2024 · FY2024 Q3
Revenue in the latest quarter declined compared to both the immediately preceding quarter and the same quarter one year earlier. The decrease from the prior quarter was modest, while the drop relative to the prior-year period was steeper.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$12.7B
Revenue reported for this quarter.
Quarter-over-quarter
-0.7%
Change from the immediately preceding quarter.
Year-over-year
-12.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$55.4B
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 |
|---|---|---|
| Jul 29, 2023 | $15.2B | +16.0% |
| Oct 28, 2023 | $14.7B | +7.6% |
| Jan 27, 2024 | $12.8B | -5.9% |
| Apr 27, 2024 | $12.7B | -12.8% |
Revenue performance
The reported revenue fell from the previous quarter, indicating a continued softening trend. The comparison with the year-ago quarter shows a significant contraction.
Quarterly comparison
Relative to the quarter immediately before, revenue edged lower. Against the same quarter a year earlier, the decline was substantially larger.
What to watch
The sequential decline, though modest, follows a pattern of shrinking revenue over recent quarters.