By GuruFocus News
Publication Date: 2025-11-13 05:02:00
This article first appeared on GuruFocus.
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Total Revenue: $14.9 billion, up 8% year over year.
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Non-GAAP Net Income: $4 billion, up 9% year over year.
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Non-GAAP Earnings Per Share (EPS): $1, up 10% year over year.
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Total Product Revenue: $11.1 billion, up 10% year over year.
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Service Revenue: $3.8 billion, up 2% year over year.
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Networking Revenue Growth: 15%, led by high double-digit growth in service provider routing.
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Security Revenue: Down 2%, impacted by a shift to cloud subscriptions in the Splunk business.
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Collaboration Revenue: Down 3%, due to declines in devices and WebEx.
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Observability Revenue: Up 6%, driven by growth in ThousandEyes.
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Total RPO (Remaining Performance Obligations): $42.9 billion, up 7% year over year.
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Total ARR (Annualized Recurring Revenue): $31.4 billion, up 5% year over year.
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Total Software Revenue: $5.7 billion, up 3% year over year.
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Non-GAAP Gross Margin: 68.1%, down 120 basis points year over year.
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Operating Cash Flow: $3.2 billion, down…
