Cisco's revenue for the first fiscal quarter was US$14.67 billion, up 8% year on year, and analysts expected US$14.63 billion; product revenue for the first fiscal quarter was US$11.14 billion, in line with analysts' expectations; service revenue for the first quarter was US$3.53 billion, analysts expected US$3.49 billion; annualized continuing operating revenue for the first quarter was US$24.5 billion, analysts expected US$24.68 billion; the adjusted gross profit margin for the first quarter was 67.1%, analysts expected 65.6%; the company originally expected earnings per share for the whole year to be 3.87-3.93 US dollars, and the company originally expected 4.01- $4.08; Annual revenue is expected to be 53.8 billion to 55 billion US dollars, analysts expect 57.84 billion US dollars, and the company originally anticipated 57-58.2 billion US dollars; the adjusted earnings per share for the second fiscal quarter are expected to be 0.82 to 0.84 billion US dollars, analysts expect 0.99 US dollars; the second fiscal quarter is expected to generate 12.6 billion to 12.8 billion US dollars, analysts expect the adjusted gross profit margin for the second quarter to be 65%-66%, analysts expect 65.6%; the first fiscal quarter has seen a slowdown in new product orders; product orders are expected to accelerate in the second half of the year.
![](https://postimg.futunn.com/17000912886951184010737.png)