Cisco Systems Inc Q4 2023 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Joseph Lima Cardoso - JPMorgan Chase & Co, Research Division - Analyst : This is Joe Cardoso on for Samik. Just one question for me. You mentioned double-digit growth across all your customer verticals from an order perspective but also mentioned service provider continuing to be weak. I was just hoping you could touch on what you're seeing under the hood in service provider. And specifically, if I split it up between telco AI and non-AI cloud, how did those track compared to 90 days ago? And then just quickly, a quick clarification on the $0.5 billion in orders in AI. Any way you can parse it out, like how many customers is reflected in that order number? And then just quickly clarify if that's all hyperscale or if there's any Tier 2 cloud or enterprise customers in that mix.

Question: David Vogt - UBS Investment Bank, Research Division - Analyst : I'm not going to belabor the point on orders, but I wanted to ask a question about AI order specifically in terms of your ability to ship to customers and where you are in trials. The reason why I ask is we've heard from a lot of companies in the industry that there's some supply chain considerations that are maybe causing commercial deployments and revenue (inaudible) may be pushed out to 2025. So I just want to get a sense for that 500 orders that you referenced in your prepared remarks, how does that flow through? And then along with that, in the guidance that Scott provided for fiscal '24, how much, if any, is AI-related this year? And if not, why? And when -- going back to my first point, when do we start to see it in your P&L?

Question: David Vogt - UBS Investment Bank, Research Division - Analyst : Got it. And maybe just a quick follow-up. So Scott, were there orders from AI last quarter in the product order commentary? Are these basically new orders in this most recent fiscal quarter? Is that maybe the right way to think about it?