Cisco Systems (CSCO) reported fiscal Q4 non-GAAP earnings late Wednesday of $0.87 per diluted share, down from $1.14 a year earlier.
Analysts polled by Capital IQ expected $0.85.
Revenue for the quarter ended July 27 was $13.64 billion, down from $15.20 billion a year earlier.
Analysts surveyed by Capital IQ expected $13.54 billion.
The company expects fiscal Q1 2025 non-GAAP EPS between $0.86 and $0.88 on revenue ranging from $13.65 billion to $13.85 billion. Analysts polled by Capital IQ expect $0.85 and $13.76 billion, respectively.
The company expects fiscal 2025 non-GAAP EPS of $3.52 to $3.58 on revenue between $55 billion and $56.2 billion. Analysts surveyed by Capital IQ expect $3.55 and $55.68 billion.
The company maintained its quarterly dividend at $0.40 per share, payable Oct. 23 to stockholders of record Oct. 2.
Separately, the company outlined a restructuring plan that will likely affect roughly 7% of its global workforce, according to a regulatory filing.
Cisco expects to recognize pretax charges to its GAAP financial results of up to $1 billion, saying the charges are mainly cash-based.
The company expects to recognize $700 million to $800 million of the charges in fiscal Q1, with the rest to be recognized during the rest of the year.
Cisco shares were up 5.2% in after-hours activity.