CSCO的ER看着不错，盘后怎么崩了？

Cisco Reports Fourth Quarter And Fiscal Year 2023 Earnings

• Cisco ended fiscal 2023 with Q4 revenue at $15.2 billion, up 16% year over year; GAAP EPS $0.97, up 43% year over year, and Non-GAAP EPS $1.14, up 37% year over year
• Q4 FY 2023 operating cash flow of $6.0 billion, up 62% year over year
• Progress on business model transformation in Q4 FY 2023:
  • Total software revenue up 17% year over year and software subscription revenue up 20% year over year
  • Total annualized recurring revenue (ARR) at $24.3 billion, up 5% year over year and product ARR up 10% year over year
  • Remaining performance obligations (RPO) at $34.9 billion, up 11% year over year and product RPO up 12% year over year
• Q4 FY 2023 Results:
  • Revenue: $15.2 billion
    • Increase of 16% year over year
  • Earnings per Share: GAAP: $0.97; Non-GAAP: $1.14
    • GAAP EPS increased 43% year over year
    • Non-GAAP EPS increased 37% year over year
• FY 2023 Results:
  • Revenue: $57.0 billion 
    • Increase of 11% year over year
  • Earnings per Share: GAAP: $3.07; Non-GAAP: $3.89
    • GAAP EPS increased 9% year over year
    • Non-GAAP EPS increased 16% year over year
• Q1 FY 2024 Guidance:
  • Revenue: $14.5 billion to $14.7 billion
  • Earnings per Share: GAAP: $0.79 to $0.84; Non-GAAP: $1.02 to $1.04
• FY 2024 Guidance:
  • Revenue: $57.0 billion to $58.2 billion
  • Earnings per Share: GAAP: $3.19 to $3.32; Non-GAAP: $4.01 to $4.08