Cisco Systems, Inc. (NASDAQ:CSCO) Q1 2023 Earnings Call Transcript

Chuck Robbins: Thanks, Marilyn, and thank you all for joining us today. I just want to reiterate it, we feel like we had a very strong quarter, large quarterly revenue in history. As I said earlier, the orders, the visibility, the easing and supply chain gives us the confidence to raise a year, obviously. We’re very focused. We’re managing the business for growth. We are going to go through this process of reinvesting into strategic areas. And the people impact is difficult. And I just want our employees who are listening in today to know that this afternoon, and tomorrow, we’ll be communicating about how we’re going to go about this. It’s always a difficult decision, but we have a lot of opportunity. I’m very optimistic about the future. I’m proud of the teams and what they have accomplished and really excited about the visibility and the confidence that we have in the near-term. So thanks for joining us, and we look forward to next time.

Marilyn Mora: Thanks, Chuck. Cisco is the next quarterly earnings conference call, which will reflect our fiscal year 2023 second quarter results will be on Wednesday, February 15, 2023, at 1:30 p.m. Pacific Time, 4:30 p.m. Eastern Time. This concludes today’s call. If you have any further questions, feel free to contact the Cisco Investor Relations group. We thank you very much for joining today’s call.

Operator: Thank you for participating on today’s conference call. If you would like to listen to the call in its entirety, you may call 80-835-5808. For participants dialing from outside the US, please dial 203-369-3353. This concludes today’s call. You may disconnect at this time.