04:24 PM EST, 11/13/2024 (MT Newswires) -- Cisco ( CSCO ) late Wednesday reported fiscal Q1 non-GAAP net income of $0.91 per diluted share, down from $1.11 a year earlier.

Analysts polled by Capital IQ expected $0.87.

Revenue for the quarter ended Oct. 26 was $13.84 billion, compared with $14.67 billion a year earlier.

Analysts expected $13.77 billion.

For Q2, the networking equipment company is projecting non-GAAP EPS of $0.89 to $0.91 on revenue of $13.75 billion to $13.95 billion. Analysts are looking for $0.87 and $13.76 billion, respectively.

For fiscal 2025, the company is projecting non-GAAP EPS of $3.60 to $3.66 on revenue of $55.3 billion to $56.3 billion. Analysts are looking for $3.57 and $55.95 billion, respectively.