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By Tiyashi Datta
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Cisco Systems Inc<\/a> gave a positive forecast for first-quarter sales as a COVID-19 recovery in China eases supply chain shortages and helps it meet demand for networking hardware, sending the company's shares 5% higher in extended trading.
The results announced on Wednesday suggest networking equipment makers have started overcoming the component crunch that had kept them from tapping a post-pandemic revival in digital infrastructure spending<\/a>.
\"After a challenging April due to the COVID-related shutdowns in Shanghai ... overall supply constraints began to ease slightly at the back half of the fourth quarter and continuing into the start of Q1,\" Chief Executive Chuck Robbins said on a post-earnings call.
The networking major expects current-quarter revenue to rise between 2% and 4%, while analysts predicted it would remain flat, according to Refinitiv IBES data. Annual revenue is forecast to jump 4% to 6%.
\"The guide was good enough because they start lapping stronger year-ago numbers. So the guide for the year and quarter are seen as a sign of confidence by the company,\" Elazar Advisors analyst Chaim Siegel said.
Still, rising costs are a cause of concern for the maker of routers, switches and communication tools as it spends more on freight and logistics to ensure a steady supply of components.
After a drop in gross margins in the April-June quarter to 61.3% from 63.6%, CEO Robbins said higher costs would continue in the short term.
That was reflected in its first-quarter adjusted profit forecast of 82 to 84 cents, whose midpoint was below estimates of 84 cents.
Fourth-quarter adjusted profit was 83 cents per share, one cent above estimates. Revenue came in at $13.1 billion, beating expectations of $12.73 billion.
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由Tiyashi达塔
思科(csco . o:行情)给予积极预期第一季度销售COVID-19复苏中国缓解供应链短缺和网络硬件的帮助它满足需求,发送该公司股价在盘后交易中上涨5%。
周三公布的结果表明网络设备制造商已经开始克服组件紧缩,让他们利用流行后复苏数字基础设施支出。
“在一个具有挑战性的4月由于COVID-related关闭在上海…整体供应限制开始缓解轻微的后半部分开始,一直持续到第四季度Q1,”首席执行官查克•罗宾斯说在电话公布财报收益。
网络主要预计当前第四季营收上升2%至4%,而分析师预计将保持不变,根据Refinitiv ib数据。年度收入预计将增长4%至6%。
“导游是足够好,因为他们开始研磨强上年同期数字。所以今年指南和季度被视为公司的信心的迹象," Elazar Advisors分析师查西格尔说。
不过,成本上升的一个原因关心的制造商路由器,交换机和通信工具,因为它花更多的货运和物流,以确保组件的稳定供应。
下降后,4 - 6月当季毛利率从61.3%降至63.6%,首席执行官Robbins说成本上升在短期内将继续。
这是反映在其第一季度调整盈利预测的82至84美分,中点低于估计的84美分。
第四季度调整后利润为每股83美分,一分钱高于预期。收入为131亿美元,超过预期的127.3亿美元。
