tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Cisco sees Q1 gross margin 65%-66%

Sees Q1 tax rate 19%. Sees FY24 tax rate 19%. Says had a very strong quarter and fiscal year. Says important to shareholders that the company commits to and delivers operating leverage in the profit and loss statement. Says significant improvement in renewal rates on the software side. Says software renewals in enterprise networking space will be meaningful in FY24. Comments and guidance taken from Q4 earnings conference call.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See Insiders’ Hot Stocks on TipRanks >>

Read More on CSCO:

Disclaimer & DisclosureReport an Issue

1