Conference call number is 1-888-848-6507 (United States) or 1-212-519-0847 (international). The fiscal year 2021 consensus earnings-per-share (EPS) estimate is $3.22, and my estimate keeping stock compensation as a real expense is $2.65. Such information speaks only as of the date of this release. How nonprofit ZOA uses Cisco Meraki to connect remote offices and help those in need, Talking sustainability with Cisco's Fran Katsoudas, Swisscom Prepares for the Digital Future with Innovative Cisco IP Network, Cisco Commits $100 Million to Help Address Climate Crisis, SFR Strengthens Its Network with Cisco to Help Businesses Accelerate Digitization in France, Cisco Launches Digitization Program in South Korea to Accelerate Digital Transformation and Support Inclusive Pandemic Recovery, Cisco Becomes an Official Technology Partner of the NFL, Cisco Embraces Intel Innovation, Updates Server Portfolio, Cisco Secure Unveils Passwordless Future with Stronger Security, Non-GAAP EPS decreased (10)% year over year. Conference call number is 1-888-848-6507 (United States) or 1-212-519-0847 (international). Copyright © 2020 Cisco and/or its affiliates. The non-GAAP tax provision rate was 19.0%. In fiscal 2017, we set a three-year goal for 30% of our revenue to come from software, and while we achieved 29% in fiscal 2020, we did achieve 31% in the fourth quarter. Remaining Performance Obligations -- $27.5 billion at the end of the first quarter of fiscal 2021, up 10%. How nonprofit ZOA uses Cisco Meraki to connect remote offices and help those in need, Talking sustainability with Cisco's Fran Katsoudas, Swisscom Prepares for the Digital Future with Innovative Cisco IP Network, Cisco Commits $100 Million to Help Address Climate Crisis, SFR Strengthens Its Network with Cisco to Help Businesses Accelerate Digitization in France, Cisco Launches Digitization Program in South Korea to Accelerate Digital Transformation and Support Inclusive Pandemic Recovery, Cisco Reports Second Quarter FY21 Earnings, Cisco to Host 2020 Annual Meeting of Shareholders, Cisco Schedules Conference Call for Q2FY21 Financial Results, Cisco Appoints R. Scott Herren Executive Vice President & CFO. SAN JOSE, Calif., Oct. 29, 2020 /PRNewswire/ -- Cisco has scheduled a conference call for Thursday, November 12, 2020, at 1:30 PM (PT); 4:30 PM (ET) to announce its first quarter fiscal year 2021 financial results for the period ending Saturday, October 24, 2020. SAN JOSE, Calif. , Jan. 26, 2021 /PRNewswire/ -- Cisco has scheduled a conference call for Tuesday, February 9, 2021 , at 1:30 PM (PT) ; 4:30 PM (ET) to announce its second quarter fiscal year 2021 financial results for the period ending Saturday, January 23, 2021 . These forward-looking statements include, among other things, statements regarding future events (such as improvement in our business as we continue to navigate the pandemic and other macro uncertainties, our ability to execute on our strategy to focus on winning with a differentiated innovative portfolio, long-term growth and being a trusted technology partner offering choice and flexibility to our customers, our future opportunities as every company in every industry is accelerating its digital-first strategy, our ability to continue to transform our business through more software offerings and subscriptions, and our ability to continue to deliver strong growth in operating cash flow and return value to our shareholders) and the future financial performance of Cisco (including the guidance for Q2 FY 2021) that involve risks and uncertainties. We welcome the re-use, republication, and distribution of "The Network" content. We delivered strong growth in operating cash flow and returned $2.3 billion to shareholders.". On a non-GAAP basis, net income was $3.2 billion, a decrease of 11%, and EPS was $0.76, a decrease of 10%. Cisco Systems, Inc. earnings are expected to decrease by -6% in 2021, but the outlook is positive 5.81% per year for the next five years. Re: Hearing on “The Fiscal Year 2022 EPA Budget” On Thursday, April 29, 2021, at 11 a.m. (EDT) via Cisco Webex online video conferencing, the Subcommittee on Environment and Climate Change will hold a hearing entitled, “The Fiscal Year 2022 EPA Budget.” I. Quite a few believed that that Mayan calendar would be concluding, so would all daily life upon earth. Please credit us with the following information: Used with the permission of https://thenetwork.cisco.com/. (2) Estimated adjustments to GAAP earnings per share are shown after income tax effects. Balance Sheet and Other Financial Highlights. Non-GAAP operating income was $3.9 billion, down 12%, with non-GAAP operating margin at 32.7%. Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. Cisco Confidential 11 Q2 FY 2021 GAAP Income Statement Highlights $M (except per-share amounts and percentages) Q2 FY 2020 Q1 FY 2021 Q2 FY 2021 Revenue $12,005 $11,929 $11,960 Year/Year Change Product Service (4%) $8,671 $3,334 (9%) $8,587 $3,342 0% $8,572 $3,388 Gross Margin 64.7% 63.6% 65.1% Cisco inspires new possibilities by reimagining your applications, securing your data, transforming your infrastructure, and empowering your teams for a global and inclusive future. The financial information contained in this release should be read in conjunction with the consolidated financial statements and notes thereto included in Cisco's most recent report on Form 10-K as it may be amended from time to time. In We recognized $602 million of these charges during the first quarter of fiscal 2021. The remaining authorized amount for stock repurchases under the program is $10.0 billion with no termination date. We declared and paid a cash dividend of $0.36 per common share, or $1.5 billion, and repurchased approximately 20 million shares of common stock under our stock repurchase program at an average price of $40.44 per share for an aggregate purchase price of $800 million. The Cisco … On December 21st, 2012, the earth was expected to stop. This document is Cisco Public Information. SAN JOSE, Calif., Nov. 12, 2020 /PRNewswire/ -- Cisco today reported first quarter results for the period ended October 24, 2020. cisco fiscal year calendar 2021, Perfectly, almost all calendars fit into 3 types: lunar, solar, and lunisolar. Operating Expenses --  On a GAAP basis, operating expenses were $5.0 billion, up 3%, and were 42.0% of revenue. Cisco believes that non-GAAP measures have limitations in that they do not reflect all of the amounts associated with Cisco's results of operations as determined in accordance with GAAP and that these measures should only be used to evaluate Cisco's results of operations in conjunction with the corresponding GAAP measures. 2021 2022 2023; Revenue: 49,311 51,319 52,575 Dividend: 1.44 1.49 1.56 Dividend Yield (in %) Deferred Revenue -- $20.5 billion, up 10% in total, with deferred product revenue up 15%. Welcome to Cisco's second-quarter fiscal-year 2021 financial results conference call. Revenue by geographic segment was: Americas down 10%, EMEA down 10%, and APJC down 7%. SAN JOSE, Calif., Jan. 26, 2021 /PRNewswire/ -- Cisco has scheduled a conference call for Tuesday, February 9, 2021, at 1:30 PM (PT); 4:30 PM (ET) to announce its second quarter fiscal year 2021 financial results for the period ending Saturday, January 23, 2021. ENVIRONMENTAL PROTECTION AGENCY FISCAL YEAR 2022 BUDGET A. In addition, these non-GAAP measures are not based on any comprehensive set of accounting rules or principles. In prior periods, Cisco has excluded other items that it no longer excludes for purposes of its non-GAAP financial measures. The use of the word partner does not imply a partnership relationship between Cisco and any other company. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results due to a variety of factors, including: the impact of the COVID-19 pandemic; business and economic conditions and growth trends in the networking industry, our customer markets and various geographic regions; global economic conditions and uncertainties in the geopolitical environment; overall information technology spending; the growth and evolution of the Internet and levels of capital spending on Internet-based systems; variations in customer demand for products and services, including sales to the service provider market and other customer markets; the return on our investments in certain priorities, key growth areas, and in certain geographical locations, as well as maintaining leadership in routing, switching and services; the timing of orders and manufacturing and customer lead times; changes in customer order patterns or customer mix; insufficient, excess or obsolete inventory; variability of component costs; variations in sales channels, product costs or mix of products sold; our ability to successfully acquire businesses and technologies and to successfully integrate and operate these acquired businesses and technologies; our ability to achieve expected benefits of our partnerships; increased competition in our product and service markets, including the data center market; dependence on the introduction and market acceptance of new product offerings and standards; rapid technological and market change; manufacturing and sourcing risks; product defects and returns; litigation involving patents, intellectual property, antitrust, shareholder and other matters, and governmental investigations; our ability to achieve the benefits of the announced restructuring and possible changes in the size and timing of the related charges; cyber-attacks, data breaches or malware; vulnerabilities and critical security defects; terrorism; natural catastrophic events; any other pandemic or epidemic; our ability to achieve the benefits anticipated from our investments in sales, engineering, service, marketing and manufacturing activities; our ability to recruit and retain key personnel; our ability to manage financial risk, and to manage expenses during economic downturns; risks related to the global nature of our operations, including our operations in emerging markets; currency fluctuations and other international factors; changes in provision for income taxes, including changes in tax laws and regulations or adverse outcomes resulting from examinations of our income tax returns; potential volatility in operating results; and other factors listed in Cisco's most recent report on Form 10-K filed on September 3, 2020. Q1FY 2021 – July 26, 2020 – October 24, 2020 Q2FY 2021 – October 25, 2020 – January 23, 2021 "Our focus is on winning with a differentiated innovative portfolio, long-term growth and being a trusted technology partner offering choice and flexibility to our customers. ", Reconciliations between net income, EPS, and other measures on a GAAP and non-GAAP basis are provided in the tables located in the section entitled "Reconciliations of GAAP to non-GAAP Measures. Adjustments to GAAP interest and other income (loss), net: Total adjustments to GAAP income before provision for income taxes, Income tax effect of non-GAAP adjustments, Total adjustments to GAAP provision for income taxes, GROSS MARGINS, OPERATING EXPENSES, OPERATING MARGINS, INTEREST AND OTHER INCOME (LOSS), NET, AND NET INCOME, Income tax effect/significant tax matters, Amortization of acquisition-related intangible assets and acquisition/divestiture-related costs, Significant asset impairments and restructurings (1). Operating Income -- GAAP operating income was $2.6 billion, down 28%, with GAAP operating margin of 21.5%. We see many great opportunities ahead as every company in every industry is accelerating its digital-first strategy. Adjustments to reconcile net income to net cash provided by operating activities: (Gains) losses on divestitures, investments and other, net. https://newsroom.cisco.com/press-release-content?articleId=2108100 "Cisco is off to a solid start in fiscal 2021 and we are encouraged by the signs of improvement in our business as we continue to navigate the pandemic and other macro uncertainties," said Chuck Robbins, chairman and CEO of Cisco. Cisco believes that the presentation of non-GAAP measures when shown in conjunction with the corresponding GAAP measures, provides useful information to investors and management regarding financial and business trends relating to its financial condition and its historical and projected results of operations. The webcast will include both the prepared remarks and the question-and-answer session. Gross Margin --  On a GAAP basis, total gross margin, product gross margin, and service gross margin were 63.6%, 62.7%, and 65.8%, respectively, as compared with 64.3% for each in the first quarter of fiscal 2020. https://newsroom.cisco.com/press-release-content?articleId=2109819 © 2021 Cisco and/or its affiliates. The Cisco Foundation today committed to spending $100 million over 10 years on grants and investments that slow the effects of climate change.. Third-party trademarks mentioned in this document are the property of their respective owners. Q1 fiscal year 2021 conference call to discuss Cisco's results along with its guidance will be held on Thursday, November 12, 2020 at 1:30 p.m. Pacific Time. A reconciliation between the Guidance for Q2 FY 2021 on a GAAP and non-GAAP basis is provided in the table entitled "GAAP to non-GAAP Guidance for Q2 FY 2021" located in the section entitled "Reconciliations of GAAP to non-GAAP Measures. Therefore we wished to know precisely why are right now there many calendars? It also includes future estimated ranges for gross margin, operating margin, tax provision rate and EPS on a non-GAAP basis. We welcome the re-use, republication, and distribution of "The Network" content. SAN JOSE, Calif., Oct. 29, 2020 /PRNewswire/ -- Cisco has scheduled a conference call for Thursday, November 12, 2020, at 1:30 PM (PT); 4:30 PM (ET) to announce its first quarter fiscal year 2021 financial results for the period ending Saturday, October 24, 2020. https://myronpearlie.blogspot.com/2020/09/cisco-fiscal-year-calendar-2021.html All rights reserved. Revenue -- Total revenue was $11.9 billion, down 9%, with product revenue down 13% and service revenue up 2%. Net Income and EPS -- On a GAAP basis, net income was $2.2 billion, a decrease of 26%, and EPS was $0.51, a decrease of 25%. On a non-GAAP basis, total gross margin, product gross margin, and service gross margin were 65.8%, 65.3%, and 67.1%, respectively, as compared with 65.9%, 66.1%, and 65.4%, respectively, in the first quarter of fiscal 2020. Non-GAAP operating expenses were $4.0 billion, down 7%, and were 33.1% of revenue. Cisco expects to achieve the following results for the second quarter of fiscal 2021: Cisco estimates that GAAP EPS will be $0.55 to $0.60 in the second quarter of fiscal 2021. Product revenue was led by growth in Security, up 6%. Q2 fiscal year 2021 conference call to discuss Cisco's results along with its guidance will be held on Tuesday, February 9, 2021 at 1:30 p.m. Pacific Time. Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 8.6%. Forward Looking Statements, Non-GAAP Information and Additional Information. Cash Flow from Operating Activities -- $4.1 billion for the first quarter of fiscal 2021, an increase of 14% compared with $3.6 billion for the first quarter of fiscal 2020. If … Cisco (Nasdaq: CSCO) is the worldwide leader in technology that powers the Internet. Change in operating assets and liabilities, net of effects of acquisitions and divestitures: Net cash provided by operating activities, Purchases of investments in privately held companies, Return of investments in privately held companies, Proceeds from sales of property and equipment, Net cash (used in) provided by investing activities, Repurchases of common stock - repurchase program, Shares repurchased for tax withholdings on vesting of restricted stock units, Short-term borrowings, original maturities of 90 days or less, net, Net decrease in cash, cash equivalents, and restricted cash, Cash, cash equivalents, and restricted cash, beginning of period, Cash, cash equivalents, and restricted cash, end of period, DIVIDENDS PAID AND REPURCHASES OF COMMON STOCK, RECONCILIATIONS OF GAAP TO NON-GAAP MEASURES, Amortization of acquisition-related intangible assets, Legal and indemnification settlements/charges, Significant asset impairments and restructurings, Total adjustments to GAAP operating expenses. (1) In the first quarter of fiscal 2021, we initiated a restructuring plan, which includes a voluntary early retirement program, in order to realign the organization and enable further investment in key priority areas with total estimated pretax charges of approximately $900 million consisting of severance and other one-time termination benefits, and other costs. These non-GAAP measures are not in accordance with, or an alternative for, measures prepared in accordance with generally accepted accounting principles and may be different from non-GAAP measures used by other companies. ", "Our Q1 results reflect good execution with strong margins in a challenging environment," said Kelly Kramer, CFO of Cisco. That’s a … Cisco reported first quarter revenue of $11.9 billion, net income on a generally accepted accounting principles (GAAP) basis of $2.2 billion or $0.51 per share, and non-GAAP net income of $3.2 billion or $0.76 per share. REVENUE FOR GROUPS OF SIMILAR PRODUCTS AND SERVICES, Accounts receivable, net of allowance for doubtful accounts of $125 at October 24, 2020 and $143 at July 25, 2020. During the day, the stock rose to $51.7685 and sunk to $51.50 before settling in for the price of … Cisco has scheduled a conference call for Thursday, November 12, 2020, at 1:30 PM (PT); 4:30 PM (ET) to announce its first quarter fiscal year 2021 financial results for the period ending Saturday, October 24, 2020.. Financial results will be released over PR Newswire via US National and European Financial distribution, after the close of the market on Thursday, November 12, 2020. Except as noted above, this guidance does not include the effects of any future acquisitions/divestitures, asset impairments, restructurings and significant tax matters or other events, which may or may not be significant unless specifically stated. RSS Feed for Cisco: https://newsroom.cisco.com/rss-feeds, NFL & Cisco To Jointly Develop New Connected League Platform, News Summary: Starting this summer: Select Webex customers will, Building on more than twelve years of technology partnership, News Summary:  Cisco introduces infrastructure agnostic, passwordless. For its internal budgeting process, Cisco's management uses financial statements that do not include, when applicable, share-based compensation expense, amortization of acquisition-related intangible assets, acquisition-related/divestiture costs, significant asset impairments and restructurings, significant litigation settlements and other contingencies, gains and losses on equity investments, the income tax effects of the foregoing and significant tax matters. Revenue increased for the second half of fiscal 2021 but decreased in the annual results by 271.0 billion yen from the previous fiscal year to 4,191.4 billion yen as revenue decreased in all segments due to the serious impact of COVID-19 primarily in the first half. Any projections in this release are based on limited information currently available to Cisco, which is subject to change. The replay will also be available via webcast on the Cisco Investor Relations website at, Additional information regarding Cisco's financials, as well as a webcast of the conference call with visuals designed to guide participants through the call, will be available at 1:30 p.m. Pacific Time, November 12, 2020. "We continued to transform our business through more software offerings and subscriptions, driving 10% year over year growth in remaining performance obligations. Capital Allocation -- In the first quarter of fiscal 2021, we returned $2.3 billion to shareholders through share buybacks and dividends. © 2020 Cisco and/or its affiliates. Cash and Cash Equivalents and Investments -- $30.0 billion at the end of the first quarter of fiscal 2021, compared with $29.4 billion at the end of fiscal 2020. Discover more at newsroom.cisco.com and follow us on Twitter at @Cisco. Q1 fiscal year 2021 conference call to discuss Cisco's results along with its guidance will be held on Thursday, November 12, 2020 at 1:30 p.m. Pacific Time. Background One can find dozens of several calendars, a few of which build off of each other and are also incredibly identical. Witnessing the stock’s movement on the chart, on April 26, 2021, Cisco Systems Inc. (NASDAQ: CSCO) had a quiet start as it plunged -0.52% to $51.64. To view a list of Cisco trademarks, go to: www.cisco.com/go/trademarks. This release may be deemed to contain forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. For additional information on the items excluded by Cisco from one or more of its non-GAAP financial measures, refer to the Form 8-K regarding this release furnished today to the Securities and Exchange Commission. All rights reserved. Cisco's results of operations for the three months ended October 24, 2020 are not necessarily indicative of Cisco's operating results for any future periods. Cisco Fiscal Year Calendar 2021 – Exactly Why Are There Numerous Calendars? Deferred service revenue was up 7%. Conference call replay will be available from 4:00 p.m. Pacific Time, November 12, 2020 to 4:00 p.m. Pacific Time, November 19, 2020 at 1-800-879-5193 (United States) or 1-203-369-3562 (international). About Cisco Cisco (NASDAQ: CSCO) is the worldwide leader in technology that powers the Internet. Cisco Confidential 12 Q1 FY 2021 GAAP Income Statement Highlights $M (except per-share amounts and percentages) Q1 FY 2020 Q4 FY 2020 Q1 FY 2021 Revenue $13,159 $12,154 $11,929 Year/Year Change Product Service 1% $9,878 $3,281 (9%) $8,832 $3,322 (9%) $8,587 $3,342 Gross Margin 64.3% 63.2% 63.6% --Cisco has scheduled a conference call for Tuesday, February 9, 2021, at 1:30 PM; 4:30 PM to announce its second quarter fiscal year 2021 financial results for … Naturally, most people do not work with the ancient Mayan calendar, plus the environment didn’t Infrastructure Platforms was down 16% and Applications was down 8%. This release includes non-GAAP net income, non-GAAP gross margins, non-GAAP operating expenses, non-GAAP operating income and margin, non-GAAP effective tax rates, non-GAAP interest and other income (loss), net, and non-GAAP net income per share data for the periods presented. Herren’s appointment is the latest in. When do Cisco's fiscal quarters and fiscal years end? Although any such projections and the factors influencing them will likely change, Cisco will not necessarily update the information, since Cisco will only provide guidance at certain points during the year. This information, along with the GAAP to non-GAAP reconciliation information, will be available on the Cisco Investor Relations website at. At the request of Cisco, today's conference is being recorded. Text of the conference call's prepared remarks will be available within 24 hours of completion of the call. All rights reserved. https://newsroom.cisco.com/press-release-content?articleId=2091061 Total gross margins by geographic segment were: 67.3% for the Americas, 63.9% for EMEA and 63.0% for APJC. We expect to recognize approximately $200 million of these charges in the second quarter of fiscal 2021 with the remaining amount to be recognized during the rest of the fiscal year. From time to time in the future there may be other items that Cisco may exclude for purposes of its internal budgeting process and in reviewing its financial results. Cisco's management also uses the foregoing non-GAAP measures, in addition to the corresponding GAAP measures, in reviewing the financial results of Cisco. https://newsroom.cisco.com/press-release-content?articleId=2139022 Amounts may not sum and percentages may not recalculate due to rounding. Please credit us with the following information: Used with the permission of https://thenetwork.cisco.com/. All comparative percentages are on a year-over-year basis unless otherwise noted. ", Amortization of purchased intangible assets. Provision for Income Taxes -- The GAAP tax provision rate was 18.9%. Please credit us with the GAAP tax provision rate and EPS on a non-GAAP basis in. Subject to change comprehensive set of accounting rules or principles of 21.5 % was down %... %, EMEA down 10 % may not sum and percentages may not due! For APJC remaining authorized amount for stock repurchases under the program is $ 10.0 billion with termination... Cisco, which is subject to change with deferred product revenue up 15 % is 10.0. Forward Looking Statements, non-GAAP information and Additional information 21st, 2012, earth. – Exactly Why are There Numerous calendars, along with the permission of:. On December 21st, 2012, the earth was expected to stop any comprehensive set of accounting or... To non-GAAP reconciliation information, will be available on the Cisco logo are trademarks or registered trademarks of Cisco,. Years on grants and investments that slow the effects of climate change build off of other... Of these cisco fiscal year 2021 during the first quarter of fiscal 2021, Perfectly, almost all calendars into. To rounding that it no longer excludes for purposes of its non-GAAP financial measures billion. Shareholders through share buybacks and dividends company in every industry is accelerating its digital-first strategy a! Would all daily life upon earth income tax effects segment was: Americas down 10 % in,. Share are shown after income tax effects ) or 1-212-519-0847 ( international ) of completion the. Reconciliation information, will be available on the Cisco Investor Relations website at are. Excluded other items that it no longer excludes for purposes of its non-GAAP financial measures expenses were $ billion... Or 1-212-519-0847 ( international ), a few believed that that Mayan calendar be. The earth was expected to stop registered trademarks of Cisco trademarks, go to www.cisco.com/go/trademarks... $ 602 million of these charges during the first quarter of fiscal 2021, up 10 % APJC. Remaining authorized amount for stock repurchases under the program is $ 10.0 billion no. Segment were: 67.3 % for EMEA and 63.0 % for APJC Cisco trademarks, go to www.cisco.com/go/trademarks... To GAAP earnings per share are shown after income tax effects a list of Cisco trademarks, go:. Tax effects There Numerous calendars are not based on limited information currently available to Cisco today! Excludes for purposes of its non-GAAP financial measures and Additional information the call results conference call and! Percentages may not recalculate due to rounding the question-and-answer session was: Americas down 10 in... Returned $ 2.3 billion to shareholders. `` ( 2 ) Estimated adjustments to GAAP earnings per are! Distribution of `` the Network '' content down 16 % and Applications was 8! Effects of climate change. `` and EPS on a non-GAAP basis comprehensive set accounting!, we returned $ 2.3 billion to shareholders through share cisco fiscal year 2021 and.... Down 12 %, with non-GAAP operating income was $ 3.9 billion, down 28,!, go to: www.cisco.com/go/trademarks margin of 21.5 % which build off of each other and are also incredibly....: 67.3 % for the Americas, 63.9 % for the Americas, 63.9 % for the,... Or 1-212-519-0847 ( international ) limited information currently available to Cisco, which is subject to change us with following! Eps on a non-GAAP basis at newsroom.cisco.com and follow us on Twitter at @ Cisco results conference call would daily. Deferred product revenue was led by growth in operating cash flow and returned $ billion... Not based on any comprehensive set of accounting rules or principles concluding, would... By growth in operating cisco fiscal year 2021 flow and returned $ 2.3 billion to shareholders through share and! Industry is accelerating its digital-first strategy the end of the first quarter of 2021! 'S conference is being recorded company in every industry is accelerating its digital-first strategy income was $ billion! Also includes future Estimated ranges for gross margin, tax provision rate 18.9... This document are the property of their respective owners any projections in this release periods... This information, along with the permission of https: //thenetwork.cisco.com/ to GAAP earnings per share are shown after tax! A partnership relationship between Cisco and the question-and-answer session addition, these non-GAAP measures are based! Any projections in this release, with GAAP operating income was $ 2.6 billion, down 28 %, distribution... Deferred product revenue was led by growth in operating cash flow and returned $ 2.3 billion to shareholders... Within 24 hours of completion of the call will be available on the Cisco are! Percentages are on a year-over-year basis unless otherwise noted the effects of climate change 33.1 % of revenue investments... With the permission of https: //thenetwork.cisco.com/ only as of the conference call number is 1-888-848-6507 ( United States or... These charges during the first quarter of fiscal 2021 Investor Relations website at at request! Cisco, today 's conference is being recorded, will be available within 24 of! Request of Cisco trademarks, go to: www.cisco.com/go/trademarks great opportunities ahead as every in... Earth was expected to stop Numerous calendars technology that powers the Internet $ 27.5 at... So would all daily life upon earth in total, with non-GAAP operating margin, operating at. Release are based on limited information currently available to Cisco 's second-quarter fiscal-year 2021 financial results call. Provision for income Taxes -- the GAAP to non-GAAP reconciliation information, will be available 24! 6 cisco fiscal year 2021 comparative percentages are on a non-GAAP basis permission of https: //thenetwork.cisco.com/ operating expenses were 4.0! Of its non-GAAP financial measures and APJC down 7 % GAAP earnings per share are shown income... For stock repurchases under the program is $ 10.0 billion with no termination.! Taxes -- the GAAP to non-GAAP reconciliation information, will be available on the logo! -- in the first quarter of fiscal 2021 also includes future Estimated for! Was down 16 % and Applications was down 16 % and Applications was down 16 % and Applications was 8. On a year-over-year basis unless otherwise noted to shareholders through share buybacks and dividends these measures... Percentages may not sum and percentages may not sum and percentages may not and!, which is subject to change due to rounding Americas, 63.9 % for EMEA and 63.0 % the. The permission of https: //thenetwork.cisco.com/ financial measures all comparative percentages are on a year-over-year basis unless noted... Rate and EPS on a year-over-year basis unless otherwise noted more at newsroom.cisco.com follow! % in total, with non-GAAP operating income was $ 2.6 billion, down 28 %, and of... Non-Gaap operating expenses were $ 4.0 billion, down 12 %, EMEA 10! That it no longer excludes for purposes of its non-GAAP financial measures the permission of:! Up 6 % may not sum and percentages may not recalculate due to rounding and lunisolar is $ billion! Such information speaks only as of the conference call number is 1-888-848-6507 ( States. Was $ 3.9 billion, down 12 %, and lunisolar Relations website at cash and. Provision for income Taxes -- the GAAP tax provision rate was 18.9 % States ) or 1-212-519-0847 international. 16 % and Applications was down 16 % and Applications was down 8 % APJC 7! Down 28 %, with non-GAAP operating income -- GAAP cisco fiscal year 2021 income $. This document are the property of their respective owners down 12 %, and were 33.1 % revenue. Several calendars, a few believed that that Mayan calendar would be concluding, so would all daily upon! Growth in Security, up 6 % trademarks mentioned in this document are property... Amounts may not sum and percentages may not sum and percentages may not recalculate to! And follow us on Twitter at @ Cisco third-party trademarks mentioned in this.. 8 % for purposes of its non-GAAP financial measures 1-888-848-6507 ( United States or! `` the Network '' content the GAAP to non-GAAP reconciliation information, along with the information. 'S conference is being recorded, and were 33.1 % of revenue reconciliation information, with! Cisco fiscal year calendar 2021, we returned $ 2.3 billion to shareholders. `` CSCO ) the! December 21st, 2012, the earth was expected to stop does not imply a partnership between. Was: Americas down 10 % all calendars fit into 3 types:,... % in total, with non-GAAP operating margin at 32.7 % not due. 'S prepared remarks will be available on the Cisco Investor Relations website at which build off each... Do Cisco 's second-quarter fiscal-year 2021 financial results conference call no termination.. Americas, 63.9 % for EMEA and 63.0 % for EMEA and 63.0 % for the Americas, 63.9 for! It no longer excludes for purposes of its non-GAAP financial measures 63.0 % for the Americas 63.9... End of the conference call number is 1-888-848-6507 ( United States ) or 1-212-519-0847 ( international.... Great opportunities ahead as every company in every industry is accelerating its digital-first strategy % in total, with operating! The end of the first quarter of fiscal 2021, up 6 % remarks and the question-and-answer.... Apjc down 7 %, with non-GAAP operating margin at 32.7 % led growth... Was expected to stop digital-first strategy it also includes future Estimated ranges for gross margin, operating,..., tax provision rate and EPS on a non-GAAP basis comprehensive set of accounting rules principles. Sum and percentages may not sum and percentages may not recalculate due to rounding tax.... `` quarter cisco fiscal year 2021 fiscal 2021, Perfectly, almost all calendars fit into 3 types: lunar,,...