**Cisco Systems Q4 Earnings Soar, Crushing Estimates**
**Key Takeaways**
- Cisco Systems (CSCO) surpassed Wall Street's Q4 earnings estimates.
- Revenue reached $14.7 billion, marking an 8% increase.
- Strongest Q1 in Cisco's history in terms of revenue and profitability.
**Detailed Results**
Cisco Systems released its fourth-quarter earnings report for the period ending July 27, 2024. The company reported revenue of $14.7 billion, exceeding analysts' estimates of $14.5 billion.
Net income climbed to $3.7 billion, or $0.88 per share, beating consensus projections of $0.87 per share.
Cisco's performance was driven by continued growth in its software and services businesses, as well as increased demand for its networking products.
**Market Reaction**
CSCO shares surged nearly 7% in after-hours trading following the earnings announcement.
Analysts attributed the positive market reaction to Cisco's strong financial results and optimistic outlook for the future.
**Future Outlook**
Cisco CEO Chuck Robbins expressed confidence in the company's long-term growth prospects, stating that Cisco is "well-positioned to capture the opportunities presented by digital transformation."
The company expects to continue investing in its software and services businesses and expanding its presence in emerging markets.
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