subscriptions up 5% y/y, ARR up 6%, RPO up 12%
after-hours down ~5%, despite increased dividend of 3%
why? because total revenue is down. investors only care about growth...
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Service Provider - these are the big telco and tech company customers
If you look at the five year stock price for companies like AT&T and Verizon they're down. I don't know what the overall industry revenues for SP equipment is but this doesn't scream raging high margin growth to me.
Service Provider - these are the big telco and tech company customers
What does SP stand for?
Guidance at end of FY23 was:
Revenue: $57.0 billion to $58.2 billion
The guidance now is:
$51.5 billion to $52.5 billion
That’s an approx. 10% reduction on the guidance in a little over 6 months.
That’s some poor financial planning I can only assume that big severance number of $800M is to cover some of the senior people who have messed up on this number.
SP down 40% because customers are migrating to Arista
Product orders down 12%