Cisco sees FY25 revenue up low- to mid-single digits, consensus $55.33B

Sees FY25 operating margin 31.5%-32.5%. Sees FY24 effective tax rate 19% Sees Q4 operating margin 31.5%-32.5%. Sees Q4 effective tax rate 18%. Sees Splunk acquisition being EPS accretive in FY26. Says core product portfolio trending towards normalization. Says Q3 orders were up 4%, flat including Splunk. Says has visibility for $1B in orders in FY25. Says Splunk acquisition interest expected to be a headwind of approximately $350M per quarter. Comments and guidance taken from Q3 earnings conference call.