Continued Growth In Key Areas Drives Financial Success

Cisco Reports a Solid Third Quarter with Strong Revenue and Earnings

Continued Growth in Key Areas Drives Financial Success

San Jose, California – May 16, 2024 – Cisco Systems, Inc. (NASDAQ: CSCO), today reported strong financial results for its third quarter of fiscal year 2024, ended April 27, 2024. Revenue reached $12.7 billion, while net income came in at $3.7 billion. This represents an increase of 37% in cash flow from operating activities compared to the previous quarter. These results further demonstrate Cisco's ability to deliver consistent growth in key strategic areas, including hybrid work, security, and cloud transformation.

Key Financial Highlights

• Total revenue: $12.7 billion, up 5% year-over-year
• Net income: $3.7 billion, up 10% year-over-year
• Diluted earnings per share (non-GAAP): $0.88, up 12% year-over-year
• Cash flow from operating activities: $37 billion, up 37% year-over-year