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Shares of the company rose nearly 5% in extended trading on Wednesday.
The company said the restructuring plan will begin in the second quarter of fiscal year 2023.
\"This is not about reducing our workforce - in fact we will have roughly the same number of employees at the end of this fiscal year as we had when we started,\" Cisco<\/a> said, adding it would focus its resources on its enterprise networking and security businesses.
The restructuring comes at a time when most companies including Amazon.com Inc and Facebook's parent Meta Platforms Inc<\/a> are making deep cuts to their employee base to navigate a potential downturn in the economy.
Cisco said it would book the charges over the next few quarters, which included some costs related to downsizing its office space as more people work in a hybrid home-and-office model.
The company will talk to its employees on Thursday about the restructuring plan, Chief Executive Chuck Robbins<\/a> said in a post-earnings call.
Cisco's revenue was $13.63 billion in the first quarter, above analysts' estimates of $13.31 billion, according to Refinitiv<\/a> data.
Easing supply chain snags and Cisco's recent investments in cloud offerings and targeted price hikes have helped the company improve its business and attract customers amid an economic slowdown.
Cisco said it expects an annual revenue growth of 4.5% to 6.5%, and adjusted earnings between $3.51 and $3.58. It previously forecast revenue growth of 4% to 6% for the year and earnings of $3.49 to $3.56, excluding items.
Excluding items, Cisco earned 86 cents per share, 2 cents above expectation.
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思科提出了全年展望;宣布重组
“这不是关于减少劳动力——事实上我们将有大约相同数量的员工在本财政年度结束时,我们已经开始了,”思科说,添加将资源集中在企业网络和安全企业。
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公司的股票在盘后交易中上涨近5%。
该公司表示,重组计划将在2023财年第二季度开始。
“这不是关于减少劳动力——事实上我们将有大约相同数量的员工在本财政年度结束时,我们已经开始了,”思科说,将资源集中在企业网络和安全企业。
重组之际,大多数公司包括Amazon.com Inc .)和Facebook的父母元平台公司正在大幅削减他们的员工基础导航一个潜在的经济低迷。
思科表示,将书在未来几个季度的指控,其中包括相关的一些成本缩减其办公空间随着越来越多的人在混合家庭和办公室工作模型。
该公司将向其员工对重组计划周四,首席执行官查克·罗宾斯在电话公布财报收益。
思科的第一季度营收为136.3亿美元,高于分析师的估计为133.1亿美元,据Refinitiv数据。
缓解供应链障碍和思科在云产品的最近的投资和有针对性的价格上涨已经帮助该公司改善其业务和吸引顾客在经济放缓。
思科表示,预计每年4.5%到6.5%的收入增长,并调整收益3.51美元和3.58美元之间。之前预估营收增长4%至6%的年收益3.49美元至3.56美元,扣除项目。
扣除特殊项目,思科第四季每股盈馀为86美元,2美分高于预期。
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