Cisco says CFO Scott Herren is leaving, company reports earnings beat
Summary
Cisco reported earnings and revenue that topped analysts estimates on Wednesday and issued guidance that also exceeded Wall Streets prediction. Heres how the company did in comparison with LSEG consensus: Revenue increased 11% during the quarter, which ended on April 26, from $12.7 billion a year earlier, according to a statement. Robbins said Ciscos finance chief, Scott Herren, will retire on July 26 after joining in 2020 from Autodesk , where he had held the same role. Cisco said the guidance factors in the expected impact of President Donald Trumps sweeping tariffs on goods imported into the U.S. That includes 30% for China and 25% for Canada and Mexico, Robbins said. During the quarter, Cisco started selling a Webex AI agent for customer service, and it announced Ethernet switches that contain AMD Pensando data processing units that could help with hardware consolidation.