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Product order growth was up 8% year-over-year. Total Annualized Recurring Revenue (ARR) grew 11% year-over-year to $22.4 billion.
The company expects Q4/22 EPS in the range of $0.76-$0.84, below the consensus of $0.92, and revenue growth in the range of (5.5)%-(1)%.
For the full 2022-year, the company expects EPS in the range of $3.29-$3.37, compared to the consensus estimate of $3.44. Revenue is expected to grow 2%-3% year-over-year.
Shares of Cisco were down 24% year-to-date going into the results.
By Davit Kirakosyan
