Cisco reported fourth quarter revenue of $12.8 billion (increase of 4% year over year) , net income (GAAP) of $2.3 billion or $0.45 per share, and non-GAAP net income of $3.0 billion or $0.59 per share.
“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,” said Chuck Robbins, Cisco chief executive officer.
Some highlights for the quarter:
- Product revenue and service revenue each increased 4%.
- Sales of Nexus 3K, 9K and ACI amounted to $438 million for the quarter, up 100% YoY and 50% sequentially
- Nexus 9K added 1,400 customers in the quarter for a total of 4100 customers
- 26 out of the top 28 largest enterprise customers are now 9K customers, with 30% of the customers being new 9K customers in Q4
- Core routing sales are now growing at a triple digit pace and Cisco believes it has solidified its lead in this market
- Meraki’s cloud based model is succeeding and is now on a billion dollar annual run rate
- In terms of total revenue by geographic segment, Americas was up 7%, while both EMEA and APJC were flat.
- Product revenue growth was led by Collaboration and Data Center at 14% each.
- Service Provider revenue was up 2%
- Switching and NGN Routing grew by 2% and 3%, respectively.
- Gross Margin — On a non-GAAP basis, total gross margin and product gross margin were 62.1% and 61.0% respectively
http://investor.cisco.com/files/doc_presentations/2015/Q4FY15-Earnings-Slides_FINAL_no-guidance.pdf