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                                    How did Cisco's service revenue perform in 2023?
                                </h1> <div class="user_slot" data-v-0eba195e=""><img src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/img/default_aime_user.ec532c9.png" alt="user" class="avatar" data-v-0eba195e=""> <span class="user_desction" data-v-0eba195e="">
                                        
                                        3/29/2025 08:21pm
                                    </span></div></div></div> <div class="seo-text-answer" data-v-0eba195e="">Cisco's service revenue performance in 2023 was lackluster, reflecting broader challenges faced by the company.

1. **Decline in Growth**: Cisco's service revenue experienced a significant deceleration in 2023, with growth rates falling from approximately 25% in the previous two quarters to only 10% in the first quarter of 2024. This decline indicates a weakening demand environment for Cisco's services.
2. **Moderating Demand Environment**: The overall demand for Cisco's services has been moderating, which has affected the growth trajectory of service revenue. This trend is indicative of a broader market challenge that Cisco is not alone in facing.

In summary, Cisco's service revenue in 2023 was characterized by a decline in growth, reflecting a challenging demand environment and broader market trends.</div> <div class="dialog_answer" data-v-0eba195e=""><div class="dialog_content" data-v-0eba195e=""><div class="answer_content" data-v-0eba195e=""></div></div></div></div></div> </div></div></div> </div> <div class="extra-module" data-v-261d488f=""><img src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/img/recommend-logo.4f9ccc8.png" alt="right-logo" fetchpriority="high" class="recommend-logo-img" data-v-261d488f=""> <div class="recommend-part" data-v-7790c618="" data-v-261d488f=""><div class="recommend-query-card" data-v-8359219a="" data-v-7790c618=""><div class="title" data-v-8359219a=""><img src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/img/screener-recommend-icon.b007ca8.svg" alt="icon" data-v-8359219a=""> <span data-v-8359219a="">Aime finds your next big stock</span></div> </div> <div class="recommend-query-card" data-v-8359219a="" data-v-7790c618=""><div class="title" data-v-8359219a=""><img src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/img/stock-recommend-icon.77f1c78.svg" alt="icon" data-v-8359219a=""> <span data-v-8359219a="">Aime powers your decisions</span></div> </div></div> </div> <div class="container-mask" style="display:none;"></div></div></div></div><script>window.__NUXT__=(function(a,b,c,d,e,f,g,h,i,j,k,l,m,n,o,p,q,r,s,t,u,v,w,x,y,z,A,B,C,D,E,F,G,H,I,J,K,L,M,N,O,P,Q,R,S,T,U,V,W,X,Y,Z,_,$,aa,ab,ac,ad,ae,af,ag){return {layout:"default",data:[{noData:b,currentQuestion:d,textDescription:B,comeFrom:"AInvestShareLink",events:[],answerSource:h}],fetch:{},error:i,state:{sharePreviewModule:{loadJgySuccess:j,dialogRenderList:[{originAnswer:{input_media_info:[],session_round:1,agent_id:a,output_media_info:[],task_id:a,language:a,source:h,cache_builder:a,reply_action:"Answer",execute_mode:v,event_refresh_answer:a,param:"{\"entity_info\":{},\"add_info\":{\"ori_question\":\"How did Cisco's service revenue perform in 2023?\"},\"event_list\":[],\"client_ip\":\"\",\"question\":\"How did Cisco's service revenue perform in 2023?\",\"user_id\":\"dp81921890\",\"user_name\":\"\",\"trace_id\":\"49d44bd2-e509-4eb5-8903-29cbf5048d85\",\"session_id\":\"49d44bd2-e509-4eb5-8903-29cbf5048d85\",\"source\":\"ths_ainvest_lite_web\",\"input_type\":\"typewrite\"}",agent_info:[{info_type:"search",raw_data:{number:C,title:D,summary:E,full_summary:"Alexander Koerner Thesis Earlier in September, my article on Cisco Systems, Inc. (NASDAQ:CSCO) covered the near-term outlook for the company and the moderating demand environment. In this update, I will be going over the company's FY Q1 2024 results and discuss my outlook going forward. CSCO's growth has decelerated significantly in the past fiscal year and the company has guided to a decline in FY 2024. The Q1 results did not show any signs of an improvement in the demand environment yet in the company's core business. The moderating growth indicates that the company is not yet able to capitalize on the digitalisation trends yet. The management remains confident that it can achieve a sizeable share in the AI infrastructure market with its transition away from Ethernet technology; however, that still remains a show-me story at the moment. Hence, I reiterate my hold rating on the stock. Q1 2024 Performance Does Not Inspire Confidence CSCO posted revenue growth of 8% in the first quarter of 2024, compared to 16% in Q4 2023. The revenues from the Networking division increased by 10%, showing significant deceleration compared to the growth of approx. 25% seen in the previous two quarters. The sales from the services segment increased by 4% during the quarter. Although this moderate growth is an improvement compared to the past few quarters, it is unlikely that this points to a sustained upward trend in services demand and sales. The services division offers a wide range of services and support to Cisco's existing customers, and its growth is primarily tied to the gradual expansion of the customer base. With a gross margin of 65.2%, Cisco's profitability remained strong and was in line with the guidance. Profitability has in recent quarters presumably been supported by robust growth in high-margin core activities, even as the share of Services revenues, margins of which are typically a few percentage points above those of the other activities, have seen some decline. 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did Cisco's service revenue perform in 2023?","49d44bd2-e509-4eb5-8903-29cbf5048d85","other\u002FopenAnswer","llm_generated","ths_ainvest_lite_web",null,0,"e84fd15c98a26e39","progress\u002Fsearching_for",1000,"searching_for","🤖 What factors influenced Cisco's service revenue in 2023?","💼 What was Cisco's service revenue in 2023?","📊 How does Cisco's service revenue compare to the previous year?","STR","dp81921890","signal","auto","agent","review stocks",999,"rich_text","39196","\u002F\u002Fcdn.ainvest.com\u002FfrontResources\u002Fs\u002Ffoiegras\u002FrecommendList\u002F1.12.0\u002FrecommendList@1.12.0index.js","Cisco's service revenue performance in 2023 was lackluster, reflecting broader challenges faced by the company.\n\n1. **Decline in Growth**: Cisco's service revenue experienced a significant deceleration in 2023, with growth rates falling from approximately 25% in the previous two quarters to only 10% in the first quarter of 2024. This decline indicates a weakening demand environment for Cisco's services.\n2. **Moderating Demand Environment**: The overall demand for Cisco's services has been moderating, which has affected the growth trajectory of service revenue. This trend is indicative of a broader market challenge that Cisco is not alone in facing.\n\nIn summary, Cisco's service revenue in 2023 was characterized by a decline in growth, reflecting a challenging demand environment and broader market trends.",2,"Cisco: Near Term Outlook Remains Bleak","Alexander Koerner Thesis Earlier in September, my article on Cisco Systems, Inc. (NASDAQ:CSCO) covered the near-term outlook for the company and the moderating demand environment. In this update, I will be going over the company's FY Q1 2024 results and discuss my outlook going forward. CSCO's growt...","https:\u002F\u002Fseekingalpha.com\u002Farticle\u002F4660156-cisco-near-term-outlook-remains-bleak","2023-12-28","oeqxkhszf","oeqxkhszf_layer","base","agent_common_v2\nagent-summary","NONE","typewrite",1743250880060,"thinking",2001,"Cisco's service revenue performance in 2023 was lackluster, reflecting broader challenges faced by the company.\n\n1. **Decline in Growth**: Cisco's service revenue experienced a significant deceleration in 2023, with growth rates falling from approximately 25% in the previous two quarters to only 10% in the first quarter of 2024[^2]",". This decline indicates a weakening demand environment for Cisco's services.\n2. **Moderating Demand Environment**: The overall demand for Cisco's services has been moderating, which has affected the growth trajectory of service revenue. This trend is indicative of a broader market challenge that Cisco is not alone in facing[^2].\n\nIn summary, Cisco's service revenue in 2023 was characterized by a decline in growth, reflecting a challenging demand environment and broader market trends.","2+697_496_21_554+0+0+49d44bd2-e509-4eb5-8903-29cbf5048d85+2bc444ad455837194b172608afa3c996+llm_generated+aimeTagAnalysis+0+0.023781269788742065+1","2+697_496_21_554+0+0+49d44bd2-e509-4eb5-8903-29cbf5048d85+cc74ec3a77d2f10e4c4286fce8008afb+llm_generated+aimeTagAnalysis+0+0.02115781605243683+2","2+697_496_21_554+0+0+49d44bd2-e509-4eb5-8903-29cbf5048d85+2e5e2e25920c009402ae1898bb0bc290+llm_generated+aimeTagAnalysis+0+0.018181178718805313+3",3,"recommend_query_list","ztxxx06c0a024223920bbbeb1e0926","send_text","item_type","rec_info","display_text","rec_reason","root","relative","iwencai\u002FrecommendList0326","aigc",Array(0),"\u002F"));</script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/b929a16.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/28ccbec.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/d9802b5.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/2077034.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/1e0f8d6.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/7a5f495.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/921844b.js" defer=""></script>