Cisco Systems, Inc.

NASDAQ:CSCO   4:00:00 PM EDT
48.08
-0.32 (-0.66%)
4:28:44 PM EDT: $48.19 +0.11 (+0.23%)
Restructuring / Reorganization, Earnings Announcements

Cisco Says On Nov 16, Announced A Restructuring Plan In Order To Rebalance The Organization, Enable Further Investment In Key Priority Areas

Published: 11/16/2022 22:42 GMT
Cisco Systems, Inc. (CSCO) - Cisco- on Nov 16, Announced a Restructuring Plan in Order to Rebalance the Organization and Enable Further Investment in Key Priority Areas.
Cisco- Rebalancing Will Include Talent Movement Options and Restructuring.
Cisco- Cisco Will Optimize Its Real Estate Portfolio, Aligned to the Broader Hybrid Work Strategy.
Cisco- Will Take Action Under Restructuring Plan Beginning in the Second Quarter of Fiscal 2023.
Cisco- Currently Estimates Will Recognize Pre-tax Charges to Its GAAP Financial Results of About $600 Million Consisting of Severance, Other Costs.
Cisco- Expects to Recognize About $300 Million of Charges in Q2 Fiscal 2023, About $200 Million in H2 Fiscal 2023, Remaining Amount Primarily Through Q1 Fiscal 2024.
Further Company Coverage: Cscoo ((reuters.
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Com;)).
Revenue is expected to be $13.4 Billion
Adjusted EPS is expected to be $0.86

Next Quarter Revenue Guidance is expected to be $13.58 Billion
Next Quarter EPS Guidance is expected to be $0.89

More details on our Analysts Page.