Most Viewed Content:

OpenAI Launched Assistants API, Allowing Developers to Customize AI Assistants with One Click

At today's OpenAI's first developer conference, OpenAI launched the...

India’s censorship body gave power to remove pirated Movies from platforms

India’s Ministry of Information and Broadcasting announced that its...

Microsoft working on new features for Win11 / Win12: smart notifications, depth-of-field effects

According to the source Albacore (@thebookisclosed), Microsoft is preparing...

Cisco’s Q4 financial report: net profit of $4 billion, harvested $500 million in AI orders

Cisco announced its fourth-quarter results a few days ago. Although Cisco’s full-year forecast for the 2024 fiscal year was mixed, Cisco’s stock price still rose in after-hours trading. Cisco’s CEO Chuck In a statement announcing the earnings, Robbins said:

 We saw solid customer demand, increased market share and innovated in key areas such as artificial intelligence, security and cloud services. This momentum gives us the confidence to seize the many opportunities ahead.


▲ Figure source The Motley Fool compiled Cisco’s fourth-quarter results

It is noticed from Cisco’s performance in the fourth quarter of 2023 that Cisco announced a net profit of US$4 billion in the fourth quarter, with revenue of US$15.2 billion, a high 13.1 billion U.S. dollars in the same period last year.

After adjusting for stock compensation and other costs, Cisco’s earnings per share were $1.14, higher than $0.83 in the same period last year, while Cisco’s full-year revenue increased by 11%. It reached 57 billion US dollars, which is the company’s best performance in more than ten years.

Cisco Chief Financial Officer Scott Herren said the order backlog through 2022 played a role, saying it was “a record quarter in terms of revenue, net income, earnings per share, free cash flow, and many others.” He added that Cisco has received about $500 million in AI orders to build AI-related functions into existing products.

Latest

Pony.ai Unveils Seventh-Generation Pure Electric Robotaxi Concept Car

Pony.ai announced today that it will display the seventh-generation...

ASE secures exclusive order for capacitive button SiP modules for Apple’s iPhone 16 Series

According to Taiwanese media "Economic Daily", ASE Investment Holdings...

Hongqi EHS7 is about to debut at the 2024 Beijing Auto Show

Before the opening of the 2024 Beijing Auto Show,...

2024 Beijing Auto Show Tour: Porsche Macan EV

Before the opening of the 2024 Beijing Auto Show,...

Newsletter

Don't miss

Pony.ai Unveils Seventh-Generation Pure Electric Robotaxi Concept Car

Pony.ai announced today that it will display the seventh-generation...

ASE secures exclusive order for capacitive button SiP modules for Apple’s iPhone 16 Series

According to Taiwanese media "Economic Daily", ASE Investment Holdings...

Hongqi EHS7 is about to debut at the 2024 Beijing Auto Show

Before the opening of the 2024 Beijing Auto Show,...

2024 Beijing Auto Show Tour: Porsche Macan EV

Before the opening of the 2024 Beijing Auto Show,...
Stephen Cruise
Stephen Cruisehttps://www.techgoing.com
Stephen Cruise is a senior editor covering latest smartphones, EVs, PC gaming, console, and tech with 11 years of experience.

Chery Li Xueyong: Fulwin uses hybrid power to roll up

"We will strive to be second in the hybrid market by the end of the year." This is the confidence expressed by Li Xueyong,...

GAC Trumpchi GS4 MAX Launching April 18: Positioned as 100,000-Class Family Value SUV

The GAC Trumpchi GS4 MAX will be officially launched on April 18, positioned as a "100,000-class family value SUV", equipped with a 1.5 TGDI...

2024 Audi SQ5 / Sportback models launched, priced from 598,800 RMB

The 2024 Audi SQ5 and SQ5 Sportback models have recently been launched. The official guide prices are 598,800 RMB and 638,800 RMB respectively. The...