See all the news 17. August 2022 San Jose, California,17. August 2022/PRNewswire/ -- News summary : Cisco today announced fourth quarter and full year results for the period ended July 30, 2022. Cisco reported fourth-quarter revenue of $13.1 billion, GAAP net income of $2.8 billion, or $0.68 per share, and non-GAAP net income of $3.4 billion -dollars, or $0.83 per share. “Thanks to our performance in the fourth quarter, we had a strong fiscal year-end. Our teams have performed well in an incredibly dynamic environment, resulting in the highest non-GAAP full-year earnings per share in the company's history," he said. he said. Chuck Robbins, President and CEO of Cisco. "Product orders and backlog for the full year are at record levels, reflecting the strong demand we continue to see for our innovations and the overall value we bring to our customers as they accelerate their digital transformation." "Total revenue exceeded our expectations for the fourth quarter as a result of our strong performance and the many initiatives we have taken to mitigate the impact of the global supply situation," said Scott Herren, Cisco's chief financial officer. "Our operating discipline is reflected in our healthy operating margin and strong cash flow generation, which enables us to return nearly $4 billion to our shareholders in the fourth quarter. And we continue to make progress in transforming our business model with an RPO in excess of $31 billion which, combined with our record backlog, gives us significant visibility and confidence in our future earnings." (Video) Cisco shares surge in lockstep with fourth-quarter earnings Fourth Quarter GAAP Results 4TH QUARTER 2022 4th quarter of 2021 against Q4 AF 2021 revenue $ 13,1 billion $ 13,1 billion —% net result $ 2,8 billion $ 3,0 billion (6)% Diluted earnings per share (EPS) $ 0,68 $ 0,71 (4)% Fourth Quarter Non-GAAP Results 4TH QUARTER 2022 4th quarter of 2021 against Q4 AF 2021 net result $ 3,4 billion $ 3,6 billion (3)% ENV $ 0,83 $ 0,84 (1) % GAAP results for the fiscal year Fiscal year 2022 Fiscal year 2021 compared to the 2021 financial year revenue $ 51,6 billion $ 49,8 billion 3% net result $ 11,8 billion $ 10,6 billion 12% ENV $ 2,82 $ 2,50 13% Non-GAAP results for the fiscal year Fiscal year 2022 Fiscal year 2021 compared to the 2021 financial year net result $ 14,1 billion $ 13,6 billion 3% ENV $ 3,36 $ 3,22 4% Reconciliations between net income, earnings per share and other GAAP and non-GAAP measures are included in the tables in the “GAAP Reconciliations to Non-GAAP Measures” section. financial overview All comparative percentages are for the prior year unless otherwise noted. Highlights of the fourth quarter of FY 2022 also see School Bus Coloring Pages - School Bus Coloring Pages Free Printable Coloring Pages▷ Cybernetic Systems » Characteristics, Types and ExamplesSciELO - Saúde Pública - Bullying against elementary and high school students Bullying against elementary and high school studentsChapter 11: The Night Stalker - Richard Ramirez, The Night Stalker: The Dark Story of the Notorious Serial Killer Income -- Total revenue was flat at $13.1 billion, with product revenue and service revenue flat year-over-year. Revenue by geographic segment was as follows: Americas down 3%, EMEA down 8% and APJC down 2%. Product revenue performance was led by growth in end-to-end security by up to 20%, optimized application experiences by up to 8% and collaboration by up to 2%. Secure and Agile Networks are down 1% and Internet for the Future is down 10%. Gross margin -- Under GAAP, total gross margin, product gross margin and service gross margin were 61.3%, 59.1% and 67.5%, respectively, compared to 63.6%, 62.7% and 66.2% in the fourth quarter of fiscal 2021 . On a non-GAAP basis, total gross margin, gross product margin, and gross service margin were 63.3%, 61.3%, and 69.0%, respectively, compared to 65.6%, 65.0%, and 67.4%, respectively. in the fourth quarter of fiscal 2021. Total gross margins by geographic segment were: 62.6% for the Americas, 64.4% for EMEA, and 63.6% for APJC. Operating cost -- GAAP operating expenses were $4.6 billion, down 4% and accounting for 35.0% of revenue. Non-GAAP operating expenses decreased 4% to $4.1 billion and represented 30.9% of revenue. Operating result -- GAAP operating income was $3.4 billion, down 4%, with a GAAP operating margin of 26.2%. Non-GAAP operating income was $4.2 billion, down 4%, with a non-GAAP operating margin of 32.4%. Provision for income tax -- The accrual rate for GAAP taxes was 17.6%. The non-GAAP tax allowance rate was 18.5%. Net Income and EPS -- GAAP net income was $2.8 billion, down 6%, and earnings per share were $0.68, down 4%. On a non-GAAP basis, net income was $3.4 billion, down 3%, and earnings per share were $0.83, down 1%. Cash generated from operations -- $3.7 billion in the fourth quarter of fiscal 2022, down 18% from $4.5 billion in the fourth quarter of fiscal 2021. Highlights of the 2022 financial year Income -- Total revenue was $51.6 billion, up 3%. Net Income and EPS -- GAAP net income was $11.8 billion, up 12%, and earnings per share were $2.82, up 13%. On a non-GAAP basis, net income was $14.1 billion, up 3% from fiscal 2021, and earnings per share were $3.36, up 4%. Cash generated from operations -- $13.2 billion for fiscal 2022, down 14% from fiscal 2021. (Video) Cisco Systems Inc. Fourth Quarter 2022 Results Conference Call Balance sheet and other financial highlights Cash and cash equivalents and investments -- $19.3 billion at the end of the fourth quarter of fiscal 2022 compared to $20.1 billion at the end of the third quarter of fiscal 2022 and compared to $24.5 billion at the end of fiscal 2021. Remaining Performance Obligations (RPOs) -- $31.5 billion, up 2% overall, with 54% of that amount being recognized as revenue over the next 12 months. Product RPO increased 6% and service RPO decreased 1%. Prepaid expenses -- $23.3 billion, up 5% overall, with deferred product sales up 11%. Deferred service revenue increased 1%. capital allocation -- In the fourth quarter of fiscal 2022, we returned $4 billion to shareholders through share repurchases and dividends. We declared and paid a cash dividend of $0.38 per common share, or $1.6 billion, and purchased approximately 54 million common shares under our share repurchase program at an average price of $44.02 per share for a total purchase price of 2 $.4 billion back. The remaining amount authorized for share repurchases under the program is $15.2 billion with no final date. guide Cisco expects to achieve the following results by the first quarter of fiscal 2023: 1st Quarter of Fiscal Year 2023 revenue 2% - 4% annual growth Non-GAAP Gross Margin Rate 63% - 64% Non-GAAP Operating Margin 31,5% - 32,5% Non-GAAP-EPS 0,82 US-Dollar - 0,84 US-Dollar Cisco estimates that GAAP earnings per share will be between $0.64 and $0.68 for the first quarter of fiscal 2023. Cisco expects to achieve the following results by fiscal 2023: also see Make money online with app in Pakistan 2022 - PakOptionHow to Download Videos from Instagram in 9 Easy Ways10 most profitable online learning skills to make money from home in 2022▷【THE YAOIS ANIME EVERY FUJOSHI SHOULD WATCH!】 Fiscal year 2023 revenue 4% - 6% annual growth Non-GAAP-EPS 3,49 US-Dollar - 3,56 US-Dollar Cisco estimates that fiscal 2023 GAAP EPS will be between $2.77 and $2.88. Our guidance for Q1 FY 2023 and FY 2023 assumes an effective tax provision ratio of 19% for both GAAP and non-GAAP results. A reconciliation between GAAP and non-GAAP based guidance is included in the tables titled "Guidance from GAAP to Non-GAAP" in the "Reconciliations from GAAP to Non-GAAP Measures" section. Editor's Notes: CISCO-SYSTEME, INC. CONSOLIDATED FINANCIAL STATEMENTS (in millions, except per share) (Not checked) three more months fiscal year ended 30th July, July 31, 30th July, July 31, REVENUE: Products 9.688 $ $9.716 $ 38.018 $ 36.014 Service 3.414 3.410 13.539 13.804 total income 13.102 13.126 51.557 49.818 COST OF SALES: Products 3.966 3.628 14.814 13.300 Service 1.111 1.154 4.495 4.624 total cost of sales 5.077 4.782 19.309 17.924 UGLY-MARGE 8.025 8.344 32.248 31.894 OPERATING COST: investigation and development 1.682 1.713 6.774 6.549 sales and marketing 2.349 2.448 9.085 9.259 general and administrative 489 521 2.101 2.152 Amortization of acquired intangible assets 73 79 313 215 Restructuring and Other Fees (2) 8 6 886 business expenses 4.591 4.769 18.279 19.061 OPERATING RESULT 3.434 3.575 13.969 12.833 interest income 129 130 476 618 interest expense (93) (98) (360) (434) Other income (losses), net (54) 128 392 245 Interest and other income (losses), net (18) 160 508 429 EARNINGS BEFORE PROVISION FOR INCOME TAXES 3.416 3.735 14.477 13.262 provision for income tax 601 726 2.665 2.671 GREEN GRANDCHILDREN 2.815 $ $ 3.009 11.812 $ 10.591 $ Net earnings per share: Basic $ 0,68 $ 0,71 $2,83 $ 2,51 diluted $ 0,68 $ 0,71 $ 2,82 $ 2,50 Shares used in the per share calculation: Basic 4.128 4.216 4.170 4.222 diluted 4.137 4.238 4.192 4.236 CISCO-SYSTEME, INC. SALES BY SEGMENTS (In millions, except percentages) July 30, 2022 three more months fiscal year ended Crowd Y/Y% Crowd Y/Y% revenue : America 7.470 $ (3)% 29.814 $ 2% EMEA 3.577 8% 13.715 6% APJC 2.055 (2)% 8.027 4% In total $ 13.102 —% 51.557 $ 3% Due to rounding, values cannot add up and percentages cannot be recalculated. (Video) Here's what to expect from Cisco's upcoming quarterly earnings results CISCO-SYSTEME, INC. PERCENTAGE OF GROSS MARGIN BY SEGMENTS (in percent) July 30, 2022 three more months fiscal year ended Percentage of Gross Margin : America 62,6% 64,1% EMEA 64,4% 65,4% APJC 63,6% 65,3% CISCO-SYSTEME, INC. REVENUE BY GROUPS OF SIMILAR PRODUCTS AND SERVICES (In millions, except percentages) July 30, 2022 three more months fiscal year ended Crowd %A/A Crowd %A/A revenue : Agile and secure networks 6.094 $ (1) % 23.829 $ 5% Internet for the future 1.257 (10)% 5.278 17% Cooperation 1.164 2% 4.472 (5)% End-to-End Security 984 20% 3.699 9% Optimized app experiences 185 8% 729 11% Other products 3 (22)% 11 (29)% overall product 9.688 —% 38.018 6% Services 3.414 —% 13.539 (2)% In total $ 13.102 —% 51.557 $ 3% Due to rounding, values cannot add up and percentages cannot be recalculated. CISCO-SYSTEME, INC. BALANCE DE SITUACION CONSOLIDATED IN SUMMARY (in millions) (Not checked) 30th July, July 31, ACTIVE current assets: Cash and cash equivalents 7.079 $ $9.175 investments 12.188 15.343 Receivables less provisions from $83 on July 30, 2022 to $109 on July 31, 2021 6.622 5.766 The supplies 2.568 1.559 Receivables from financing, net 3.905 4.380 Other Current Assets 4.355 2.889 total current assets 36.717 39.112 fixed assets, net 1.997 2.338 Receivables from financing, net 4.009 4.884 Good will 38.304 38.168 Intangible assets acquired, net 2.569 3.619 Deferred tax assets 4.449 4.360 Other assets 5.957 5.016 TOTAL ASSETS $ 94.002 97.497 $ COMMITMENTS AND EQUITY current liabilities: short-term debt 1.099 $ $2.508 to pay bills 2.281 2.362 income tax to be paid 961 801 cumulative compensation 3.316 3.818 deferred income 12.784 12.148 Other current liabilities 5.199 4.620 Total current liabilities 25.640 26.257 Long-term liabilities 8.416 9.018 income tax to be paid 7.725 8.538 deferred income 10.480 10.016 Other long-term liabilities 1.968 2.393 full responsibility 54.229 56.222 total capital 39.773 41.275 TOTAL LIABILITIES $ 94.002 97.497 $ CISCO-SYSTEME, INC. CONSOLIDATED CASH FLOW STATEMENTS (in millions) (Not checked) fiscal year ended 30th July, July 31, Cash flow from operating activities: net result 11.812 $ 10.591 $ Adjustments to reconcile net income to net cash from operating activities: Depreciation, amortization and others 1.957 1.862 Share-based Compensation Expense 1.886 1.761 Provision (benefit) for claims 55 (6) deferred income tax (309) (384) (Gains) Losses on divestments, investments and other, net (453) (354) Movement in operating assets and liabilities, less the impact of acquisitions and divestitures: requirements (1.009) (107) The supplies (1.030) (244) accounts receivable financing 1.241 1.577 Other assets (1.615) (797) to pay bills (55) (53) income tax, net (690) (549) cumulative compensation (427) 643 deferred income 1.328 1.560 Other liabilities 535 (46) Net cash generated from operating activities 13.226 15.454 Cash flows from investing activities: investment purchases (6.070) (9.328) Proceeds from the sale of investments 2.660 3.373 Investment Term Payments 5.686 8.409 Acquisitions, net of cash and cash equivalents acquired and disposals (373) (7.038) Purchases of shares in private companies (186) (175) Return on investment in private companies 237 194 Purchase of goods and equipment (477) (692) Revenue from the sale of goods and equipment 91 28 Others (15) (56) Net cash provided (used) by investing activities 1.553 (5.285) Cash flows from financing activities: Issue of Common Stock 660 643 Common Stock Repurchase – Repurchase Program (7.689) (2.877) Shares repurchased for withholding tax on restricted stock unit grants (692) (636) Short-term loans, original terms of 90 days or less, net 606 (5) debt problems 1.049 — debt repayments (3.550) (3.000) dividend payments (6.224) (6.163) Others (302) (1) Net cash used in financing activities (16.142) (12.039) Net decrease in cash, cash equivalents, restricted cash and restricted cash equivalents (1.363) (1.870) Cash, cash equivalents, restricted cash and restricted cash equivalents, beginning of financial year 9.942 11.812 Cash, cash equivalents, restricted cash and restricted cash equivalents, year-end 8.579 $ 9.942 $ Supplemental cash flow information: money paid for interest 355 $ 438 $ Payments for income tax, net 3.663 $ 3.604 $ CISCO-SYSTEME, INC. REMAINING COMPLIANCE OBLIGATIONS (In millions, except percentages) July 30, 2022 30. April 2022 July 31, 2021 Crowd %A/A Crowd %A/A Crowd %A/A Products 14.090 $ 6% 13.416 $ 13% 13.270 $ 18% Service 17.449 (1) % 16.789 3% 17.623 3% In total 31.539 $ 2% $ 30.205 7% 30.893 $ 9% We expect 54% of total RPO as of July 30, 2022 to be recognized as revenue over the next 12 months. CISCO-SYSTEME, INC. TERMINATED INCOME (in millions) 30th July, 30. April, July 31, Accrual items: Products 10.427 $ 9.835 $ $9.416 Service 12.837 12.458 12.748 In total 23.264 $ 22.293 $ 22.164 $ Reported as: Real 12.784 $ 12.249 $ $ 12.148 they don't walk 10.480 10.044 10.016 In total 23.264 $ 22.293 $ 22.164 $ CISCO-SYSTEME, INC. DIVIDENDS PAID AND COMMON STOCK BUYBACKS (in millions, except per share) DIVIDENDS STOCK BUYBACK PROGRAM IN TOTAL finished quarter by sharing Crowd Split Difficult- Crowd Crowd again in 2022 July 30, 2022 $ 0,38 1.567 $ 54 $ 44,02 2.402 $ 3.969 $ 30. April 2022 $ 0,38 1.555 $ 5 $ 54,20 252 $ 1.807 $ 29 January 2022 $ 0,37 1.541 $ 82 $ 58,36 4.824 $ 6.365 $ 30. October 2021 $ 0,37 1.561 $ 5 $ 56,49 $256 1.817 $ again in 2021 July 31, 2021 $ 0,37 1.562 $ 15 $ 53,30 791 $ 2.353 $ 1. May 2021 $ 0,37 1.560 $ 10 $48,71 510 $ $ 2.070 23 January 2021 $ 0,36 1.521 $ 19 $42,82 801 $ 2.322 $ 24. October 2020 $ 0,36 1.520 $ 20 $40,44 800 $ 2.320 $ CISCO-SYSTEME, INC. RECONCILIATION OF GAAP AND NON-GAAP MEASUREMENTS NET SALES FROM GAAP TO NON-GAAP (in millions) three more months fiscal year ended 30th July, July 31, 30th July, July 31, GAAP Net Income 2.815 $ $ 3.009 11.812 $ 10.591 $ Adjustments to cost of sales: Share-based Compensation Expense 78 67 311 275 Amortization of intangible assets related to the acquisition 162 199 733 698 Costs related to acquisition/disposal 24 1 27 4 Cost of the Russia-Ukraine War 2 — 7 — Settlements/Legal and Indemnification Fees — — — 43 Total adjustments to GAAP cost of sales 266 267 1.078 1.020 Operating cost adjustments: Share-based Compensation Expense 401 357 1.574 1.460 Amortization of intangible assets related to the acquisition 73 79 328 215 Costs related to acquisition/disposal 45 109 306 288 Cost of the Russia-Ukraine War 22 — 84 — Significant restructuring and asset write-down (2) 8 6 886 Total adjustments for GAAP operating expenses 539 553 2.298 2.849 Adjustments for interest and other income (losses), net: Costs related to acquisition/disposal — — — 4 (Profits) and losses from participations — (154) (478) (285) Total adjustments for GAAP interest and other income (losses), net — (154) (478) (281) Total Adjustments to GAAP Earnings Before Provision for Income Taxes 805 666 2.898 3.588 Income tax effect of non-GAAP adjustments (181) (199) (616) (702) Important tax issues — 76 — 159 Total Adjustments to GAAP Provision for Income Taxes (181) (123) (616) (543) Non-GAAP Net Income 3.439 $ 3.552 $ 14.094 $ 13.636 $ CISCO-SYSTEME, INC. RECONCILIATION OF GAAP AND NON-GAAP MEASUREMENTS EPS GAAP A NO GAAP three more months fiscal year ended 30th July, July 31, 30th July, July 31, EPS-GAAP $ 0,68 $ 0,71 $ 2,82 $ 2,50 GAAP Adjustments: Share-based Compensation Expense 0,12 0,10 0,45 0,41 Amortization of intangible assets related to the acquisition 0,06 0,07 0,25 0,22 Costs related to acquisition/disposal 0,02 0,03 0,08 0,07 Cost of the Russia-Ukraine War 0,01 — 0,02 — Settlements/Legal and Indemnification Fees — — — 0,01 Significant restructuring and asset write-down — — — 0,21 (Profits) and losses from participations — (0,04) (0,11) (0,07) Income tax effect of non-GAAP adjustments (0,04) (0,05) (0,15) (0,17) Important tax issues — 0,02 — 0,04 Non-GAAP-EPS $ 0,83 $ 0,84 $ 3,36 $ 3,22 Values may not add up due to rounding. CISCO-SYSTEME, INC. RECONCILIATION OF GAAP AND NON-GAAP MEASUREMENTS GROSS MARGINS, OPERATING EXPENSES, OPERATING MARGINS, INTEREST AND OTHER REVENUE (LOSSES), NET AND NET INCOME (In millions, except percentages) three more months July 30, 2022 Products Service In total operating AND AND operating AND AND Interest Net AND AND Valor GAAP 5.722 $ 2.303 $ $ 8.025 4.591 $ (4)% 3.434 $ (4)% € (18) 2.815 $ (6)% % of sales 59,1% 67,5% 61,3% 35,0% 26,2% (0,1)% 21,5% Adjustments to GAAP figures: Share-based Compensation 28 50 78 401 479 — 479 Amortization of acquisition 162 — 162 73 235 — 235 In connection with acquisitions/disposals 24 — 24 45 69 — 69 Cost of the Russia-Ukraine War — 2 2 22 24 — 24 Significant impairment of assets — — — (2) (2) — (2) (Gains) and losses in equity — — — — — — — Significant income tax/tax effect — — — — — — (181) Mont no GAAP 5.936 $ 2.355 $ 8.291 $ $4.052 (4)% 4.239 $ (4)% € (18) 3.439 $ (3)% % of sales 61,3% 69,0% 63,3% 30,9% 32,4% (0,1)% 26,2% three more months July 31, 2021 Products Service In total operating operating income Interest Net income Valor GAAP 6.088 $ 2.256 $ 8.344 $ 4.769 $ 3.575 $ 160 $ $ 3.009 % of sales 62,7% 66,2% 63,6% 36,3% 27,2% 1,2% 22,9% Adjustments to GAAP figures: Share-based Compensation Expense 24 43 67 357 424 — 424 Amortization of intangible assets related to the acquisition 199 — 199 79 278 — 278 Costs related to acquisition/disposal 1 — 1 109 110 — 110 Significant restructuring and asset write-down — — — 8 8 — 8 (Profits) and losses from participations — — — — — (154) (154) Income Tax Implications/Key Tax Considerations — — — — — — (123) Mont no GAAP 6.312 $ 2.299 $ 8.611 $ $4.216 4.395 $ $ 6 3.552 $ % of sales 65,0% 67,4% 65,6% 32,1% 33,5% —% 27,1% Due to rounding, values cannot add up and percentages cannot be recalculated. also see 5 Authors Who Talk About Bullying | euroinnovaVIRTUAL SUPPORT OF UNIVERSIDADE RICARDO PALMA13 Famous Serial Killers Active In ArizonaSamuel reported harassment. Tierra Garat did nothing. He went to the stations... and they fired him CISCO-SYSTEME, INC. RECONCILIATION OF GAAP AND NON-GAAP MEASUREMENTS GROSS MARGINS, OPERATING EXPENSES, OPERATING MARGINS, INTEREST AND OTHER REVENUE (LOSSES), NET AND NET INCOME (In millions, except percentages) fiscal year ended July 30, 2022 Products Service In total operating AND AND operating AND AND Interest Net AND AND Valor GAAP $23.204 9.044 $ 32.248 $ 18.279 $ (4)% 13.969 $ 9% 508 $ 11.812 $ 12% % of sales 61,0% 66,8% 62,5% 35,5% 27,1% 1,0% 22,9% Adjustments to GAAP figures: Share-based Compensation 112 199 311 1.574 1.885 — 1.885 Amortization of acquisition 733 — 733 328 1.061 — 1.061 In connection with acquisitions/disposals 27 — 27 306 333 — 333 Cost of the Russia-Ukraine War 4 3 7 84 91 — 91 Significant impairment of assets and — — — 6 6 — 6 (Gains) and losses in equity — — — — — (478) (478) Significant income tax/tax effect — — — — — — (616) Mont no GAAP 24.080 $ $9.246 33.326 $ 15.981 $ (1) % 17.345 $ 4% 30 $ 14.094 $ 3% % of sales 63,3% 68,3% 64,6% 31,0% 33,6% 0,1% 27,3% fiscal year ended July 31, 2021 Products Service In total operating operating income Interest Net income Valor GAAP 22.714 $ $9.180 31.894 $ 19.061 $ 12.833 $ 429 $ 10.591 $ % of sales 63,1% 66,5% 64,0% 38,3% 25,8% 0,9% 21,3% Adjustments to GAAP figures: Share-based Compensation Expense 99 176 275 1.460 1.735 — 1.735 Amortization of intangible assets related to the acquisition 698 — 698 215 913 — 913 Costs related to acquisition/disposal 3 1 4 288 292 4 296 Settlements/Legal and Indemnification Fees 43 — 43 — 43 — 43 Significant restructuring and asset write-down — — — 886 886 — 886 (Profits) and losses from participations — — — — — (285) (285) Income Tax Implications/Key Tax Considerations — — — — — — (543) Mont no GAAP 23.557 $ 9.357 $ 32.914 $ $ 16.212 16.702 $ 148 $ 13.636 $ % of sales 65,4% 67,8% 66,1% 32,5% 33,5% 0,3% 27,4% Due to rounding, values cannot add up and percentages cannot be recalculated. (Video) Cisco stock surges after second quarter earnings report CISCO-SYSTEME, INC. RECONCILIATION OF GAAP AND NON-GAAP MEASUREMENTS EFFECTIVE TAX RATE (in percent) three more months fiscal year ended 30th July, July 31, 30th July, July 31, GAAP Effective Tax Rate 17,6% 19,4% 18,4% 20,1% Total Adjustments to GAAP Provision for Income Taxes 0,9% (0,1)% 0,5% (1,0)% Effective Non-GAAP Tax Rate 18,5% 19,3% 18,9% 19,1% GAAP NON-GAAP GUIDE 1st Quarter of Fiscal Year 2023 Gross margin Operative Marge income for PCGA 61 % - 62 % 25,5% - 26,5% 0,64 US-Dollar - 0,68 US-Dollar Estimated adjustments for: Share-based Compensation Expense 1,0% 4,0% US$ 0,10 - US$ 0,11 Amortization of intangible assets related to acquisition and costs related to acquisition/sale 1,0% 2,0% 0,06 US-Dollar - 0,07 US-Dollar Non-GAAP 63% - 64% 31,5% - 32,5% 0,82 US-Dollar - 0,84 US-Dollar Fiscal year 2023 income for PCGA 2,77 US-Dollar - 2,88 US-Dollar Estimated adjustments for: Share-based Compensation Expense 0,46 US-Dollar - 0,48 US-Dollar Amortization of intangible assets related to acquisition and costs related to acquisition/sale 0,22 US-Dollar - 0,24 US-Dollar Non-GAAP 3,49 US-Dollar - 3,56 US-Dollar (1)Estimated GAAP earnings per share adjustments are shown after tax effects. Except as noted above, this policy does not include the effects of future acquisitions/disposals, forfeiture of assets, costs of war between Russia and Ukraine, reorganizations, (profits) and losses from shareholdings and significant tax issues or other events that may or may not arise may not be significant , unless expressly stated. Forward-Looking Statements, Non-GAAP Information and Additional Information This press release includes non-GAAP net income, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating income and margin, non-GAAP effective tax rates, non-GAAP interest and other income (losses), net and non-GAAP.GAAP earnings per share for the periods presented. Also includes estimated future ranges for gross margin, operating margin, tax provision ratio and EPS on a non-GAAP basis. These non-GAAP measures conflict with or are an alternative to measures prepared in accordance with generally accepted accounting principles and may differ from non-GAAP measures used by other companies. In addition, these non-GAAP measures are not based on a comprehensive set of rules or accounting principles. Cisco believes that non-GAAP measures are limited because they do not reflect all values associated with Cisco's GAAP operating results, and that these measures are used only to evaluate Cisco's operating results in connection with should appropriate GAAP measures. Cisco believes that the presentation of non-GAAP measures, when viewed in conjunction with corresponding GAAP measures, provides investors and management with useful information about financial and business trends related to its financial condition and its historical and projected results of operations delivers. For its internal budgeting process, Cisco management uses financial statements that exclude, where applicable, stock-based compensation expense, amortization of acquisition-related intangible assets, acquisition/disposal-related costs, asset restructuring and significant impairments, material litigation and other contingencies, costs of the Russo-Ukrainian war, profits and losses from stock investments, income tax effects of past and significant tax matters. Cisco management uses the above non-GAAP measures in addition to the appropriate GAAP measures when reviewing Cisco's financial results. In prior periods, Cisco excluded other items that it no longer excludes for purposes of its non-GAAP financial measures. From time to time in the future there may be additional items that Cisco may exclude for purposes of its internal budgeting process and review of its financial results. For more information on items that Cisco has excluded from one or more of its non-GAAP financial measures, please see Form 8-K associated with this filing with the Securities and Exchange Commission today. Annualized Recurring Revenue represents the annualized revenue run rate from active subscriptions, term licenses, and maintenance contracts at the end of a reporting period, less customer and partner refunds and other revenue adjustments. It includes both revenue recognized pro rata and revenue recognized in advance on an annual basis. About Cisco Cisco (Nasdaq: CSCO) is a global leader in the technology that powers the Internet. Cisco inspires new possibilities by reinventing your applications, protecting your data, transforming your infrastructure, and empowering your teams for a global and inclusive future. Learn more atnewsroom.cisco.comand follow us on Twitter at @Cisco. Copyright © 2022 Cisco and/or its affiliates. All rights reserved. Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliated companies in the US and other countries. For a list of Cisco brands, see:www.cisco.com/go/trademarks. Third-party trademarks mentioned in this document are the property of their respective owners. The use of the word partner does not imply a partnership relationship between Cisco and any other company. This document is Cisco public information. RSS feed for Cisco: https://newsroom.cisco.com/rss-feeds FONTE Cisco Systems, Inc. Categories: press releases (Video) Cisco CEO Chuck Robbins: Predictability is returning now as supply chains stabilize See all the news CISCO REPORTS FOURTH QUARTER AND FISCAL YEAR 2022 RESULTS
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This press release is believed to contain forward-looking statements that are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, among other things, statements about future events (such as our ability to thrive in what is an incredibly dynamic environment, the success of the many initiatives we have taken to reduce the impact of the global supply situation, the success of our strategy and the confidence in our long-term growth, the fundamental drivers of our business are strong, strong demand for our innovations and the solutions we offer our clients as they accelerate their digital transformation, resulting in a record backlog, continuous progress in transforming our business model by the transition to more software and subscriptions and our commitment to returning excess capital to our shareholders and confidence in our cash flow policies) and Cisco's future financial performance (including guidance for the first quarter of fiscal fiscal year 2023 and the entire fiscal year 2023) that involve risks and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and could differ materially from actual future events or results due to a variety of factors, including: the impact of the COVID-19 pandemic and related public health measures; economic and business conditions and growth trends in the networking industry, our customer markets and various geographic regions; global economic conditions and uncertainties in the geopolitical environment; total spending on information technology; the growth and development of the Internet and the level of capital expenditures for Internet-based systems; changes in customer demand for products and services, including sales to the service provider market and other customer markets; the return on our investments in specific priorities, key growth areas and geographic locations, and maintaining leadership in secure and agile networks and services; the order time and the manufacturing and delivery times to the customer; significant delivery restrictions; changes in customer ordering behavior or customer mix; insufficient, excessive or obsolete inventory; variability in component costs; fluctuations in distribution channels, product costs or the mix of products sold; our ability to successfully acquire businesses and technologies and to successfully integrate and operate those acquired businesses and technologies; our ability to achieve the anticipated benefits of our partnerships; increased competition in our product and service markets, including the data center market; confidence in the introduction and market acceptance of new product offerings and standards; rapid technology and market change; manufacturing and delivery risks; product defects and returns; litigation relating to patents, other intellectual property, antitrust, shareholders and other regulatory matters and investigations; our ability to take advantage of corporate restructuring and potential changes in the amount and timing of related costs; cyber attack, data breach or malware; critical security vulnerabilities and bugs; Terrorism; natural disasters (including as a result of global climate change); any other pandemic or epidemic; our ability to achieve anticipated benefits from our investments in sales, engineering, service, marketing and manufacturing activities; our ability to recruit and retain key personnel; our ability to manage financial risks and 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 income tax provision, including changes in tax laws and regulations or adverse results from audits of our income tax returns; potential volatility of operating results; and other factors detailed in Cisco's most recent reports on Forms 10-Q and 10-K filed on May 25, 2022 and September 9, 2021, respectively. The financial information contained in this press release should be read in conjunction with the consolidated financial statements and notes contained in Cisco's most recent Reports on Forms 10-Q and 10-K, as they may change from time to time. Cisco's results of operations for the three months and fiscal year ended July 30, 2022 are not necessarily indicative of Cisco's results of operations for future periods. All forward-looking statements in this press release are based on the limited information currently available to Cisco and are subject to change. Although these projections and the factors affecting them are likely to change, Cisco will not necessarily update the information as Cisco will only provide guidance at certain times of the year. This information is only as of the date of this notice.
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frequently asked questions
Which financial statement shows Cisco's financial performance over a specific period of time? ›
Presented here, theProfit and Loss Account (Earnings Report)for Cisco Systems Inc, shows company's financial performance based on operating and non-operating activities such as revenue, expenses and income for the last 4 periods (either quarterly or annually).
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And does Cisco have a DRIP plan?Cisco issues dividends. See the Dividends and Stock Splits page for more details.
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ARR represents the annual revenue run rate of active subscriptions, interim licenses, and maintenance contracts at the end of a reporting period, net of customer and partner refunds and other revenue adjustments.
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Cisco's annual revenue for 2022 was $51.557 billion, an increase of 3.49% from 2021. Cisco's annual revenue for 2021 was $49.818 billion, an increase of 1.05% from 2020.
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Compare CSCO to other stocks.
| Cisco Annual Revenue ($M) | |
|---|---|
| 2019 | 51.904 $ |
| 2018 | 49.330 $ |
| 2017 | 48.005 $ |
| 2016 | 49.247 $ |
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Cisco today announced fourth quarter and full year results for the current period.July 30, 2022.
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CISCO REPORTS FOURTH QUARTER AND FISCAL YEAR 2022 RESULTS News Brief: Cisco ended fiscal 2022 with fourth quarter revenue of $13.1 billion. Strong demand with record orders and full year backlog.
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FAQs
What was Cisco results for fy22? ›
On a non-GAAP basis, net income was $3.4 billion, a decrease of 3%, and EPS was $0.83, a decrease of 1%. Cash Flow from Operating Activities -- $3.7 billion for the fourth quarter of fiscal 2022, a decrease of 18% compared with $4.5 billion for the fourth quarter of fiscal 2021.
What is Cisco fiscal year end date 2022? ›FY 2023 Guidance:
Cisco today reported fourth quarter and fiscal year results for the period ended July 30, 2022.
Cisco today reported first quarter results for the period ended October 29, 2022. Cisco reported first quarter revenue of $13.6 billion, net income on a generally accepted accounting principles (GAAP) basis of $2.7 billion or $0.65 per share, and non-GAAP net income of $3.5 billion or $0.86 per share.
What was Cisco quarterly results Q3 2022? ›Progress on business model transformation with total Annualized Recurring Revenue (ARR) at $22.4 billion in the third quarter of fiscal 2022, up 11% year over year. Q3 Results: Revenue: $12.8 billion. Flat year over year.
What is the passing score for Cisco? ›Total Questions : 60. Passing Score : 800 . Approximately 80% marks are required to pass the exam . Time : 90 minutes .
What happens if you fail a Cisco exam? ›Once passed, a candidate must wait a minimum of 180 days before taking the same exam with an identical exam number. Candidates may only take a beta exam once. Candidates who fail an exam must wait a period of five (5) calendar days, beginning the day after the failed attempt, to retake the exam.
What does FY 2022 2023 mean? ›Difference Between AY and FY
For example, the financial year beginning on April 1, 2022, and ending on March 31, 2023, is known as Financial Year 2022-23. The assessment year starts after the financial year ends, so AY 2023-24 will be the assessment year for F.Y.
For example, Fiscal Year 2023 runs from July 1, 2022 – June 30, 2023.
What are the quarters for fiscal year 2023? ›January, February, and March (Q1) April, May, and June (Q2) July, August, and September (Q3) October, November, and December (Q4)
Why are people leaving Cisco? ›These higher quotas are causing people to pack up and leave Cisco, particularly those in enterprise sales, who are tasked with closing the biggest deals at the company. At least 12 people from that division have left in the last year, according to their LinkedIn pages.
Is Cisco laying off employees 2022? ›
Cisco layoffs 2022: Cisco to cut 4,000-plus jobs, this is what CEO said on layoffs | - Times of India.
Does Cisco have a lot of layoffs? ›The job cuts come after the company posted its largest quarterly revenue total in its history during the first fiscal quarter of 2023. While it is unclear whether Cisco will conduct more layoff rounds, it was reported last year that Cisco will lay off 5% of its workforce, or more than 4,000 employees.
Will CSCO go up? ›Stock Price Forecast
The 19 analysts offering 12-month price forecasts for Cisco Systems Inc have a median target of 52.00, with a high estimate of 67.00 and a low estimate of 44.00. The median estimate represents a +7.22% increase from the last price of 48.50.
Yes, it is not hard to get a job at Cisco Systems.
As a result, they typically hire very professionals with specific technical expertise and experience. Needless to say, getting a technology-based position at Cisco Systems is no easy feat, as the company conducts a rigorous application and interview process.
Since April 20, 2011, Cisco Systems Inc has paid out quarterly dividends ranging from $0.06 to $0.38 per share. Over the past five years, Cisco Systems Inc's dividend yield has averaged 2.9% per year.
Is 60% a pass? ›Is a D Considered Passing? A letter grade of a D is technically considered passing because it not a failure. A D is any percentage between 60-69%, whereas a failure occurs below 60%.
Is Cisco exam hard? ›The CCNA exam is among the most challenging on the market. It will test the students on their ability to build a network using Cisco technology during the test. The test covers various topics, but the main focus is on switching and routing data packets.
Is Cisco exam tough? ›CCNA is Comprehensive
With so much to study, the exams may seem tough to pass. We recommend a focus on ICDN, which serves the base for all types of Cisco CCNA exams. This requires candidates to go through the length and breadth of the topics.
- CCDA: Cisco Certified Design Associate — $120,139. CCDA validates the network design skills required to create an enterprise network. ...
- CCNP Routing and Switching — $108,646. ...
- CCNA Routing and Switching — $101,441. ...
- CCNA Security — $101,411. ...
- CCENT: Cisco Certified Entry Networking Technician — $83,057.
Total questions: 90-110. Total time: 120 minutes. Passing score: 750-850/1000. The candidates must wait for at least 180 days before taking the same exam.
How many times can you fail a CompTIA exam? ›
CompTIA Security + does not require any waiting period between the first and second retake. Students must wait 14 days for a third or subsequent retake exam. There is no annual limit on the number of attempts on the same exam.
How do you calculate fiscal year? ›...
Using the date August 1, 2022 as an example, for fiscal year starting in July, here is the arithmetic for the calculation:
- Year: 2022.
- Month: 8.
- Start Month: 7.
- 8 >= 7: TRUE.
- 2022 + 1 = 2023.
Each year, the Office of Management and Budget (OMB) prepares the President's proposed Federal Government budget for the upcoming Federal fiscal year, which runs from October 1 through September 30 of the following year.
Does FY mean full year? ›A fiscal year is a 12-month accounting period that a business uses for financial and tax reporting purposes. A fiscal year is also known as a financial year. A fiscal year can be different to a calendar year – it doesn't need to start on January 1 and end on December 31.
What are the quarter dates for fiscal year 2022? ›The fiscal year quarters are October 1-December 31, January 1-March 31, April 1-June 30, and July 1-September 30.
How long is a fiscal quarter? ›A fiscal quarter is a three-month period that acts as a basis for a company's periodic financial reports.
Are we in FY22 or fy23? ›FY22 means the Recipient's Fiscal Year 2022, commencing on July 1, 2021 and concluding on June 30, 2022.
What is the 4th quarter of 2023? ›Dates for Q1: January 1 – March 31. Dates for Q2: April 1 – June 3. Dates for Q3: July 1 – September 30. Dates for Q4: October 1 – December 31.
What is the 4th quarter of a fiscal year? ›Q1 is January, February, and March, Q2 is April, May, and June, Q3 is July, August, and September, and Q4 is October, November, and December.
What are the 4 fiscal quarters? ›If a company has a fiscal year that ends on December 31, its first quarter period would be January 1 through March 31. Its second quarter period would be April 1 through June 30. And its third and fourth quarter periods would be July 1 through September 30 and October 1 through December 31, respectively.
What is a weakness of Cisco? ›
How did things get this bad? There are three key factors, three big weaknesses in Cisco's operations: over-ambition, distraction and mismanagement.
Who is the biggest competitor of Cisco? ›- Juniper.
- Huawei.
- Arista Networks.
- Dell Technologies.
- VMware.
- HPE (Aruba)
- Extreme Networks.
- NETGEAR.
Company Culture at Cisco
The employee experience below at Cisco, compared to a typical company. 96% of employees at Cisco say it is a great place to work compared to 57% of employees at a typical U.S.-based company. Source: Great Place To Work® 2021 Global Employee Engagement Study.
You receive four weeks paid time off (vacation and sick days are in the same pool of days).
What is the base salary of Cisco? ›Minimum salary at Cisco depends on the role you are applying for. For Devops Engineer the minimum salary is ₹8.0 Lakhs per year, for Network Engineer the minimum salary is ₹9.9 Lakhs per year and so on.
How many PTO days do you get at Cisco? ›Cisco. According to the same Forbes article, San Jose, California-based Cisco offers 30 days of paid vacation. It also offers 16 hours of floating holidays and 20 days of general PTO. The company noted that the average amount of days taken per year is 15.
Is Cisco giving permanent work from home? ›Global networking giant Cisco is transitioning to a hybrid workplace model for every one of its 75,000 employees, which will empower its employees to choose to permanently work from home.
Does Cisco give bonus? ›Cisco does pay out bonuses consistently, so you should factor them in when comparing to other offers. Its performance bonus targets are not negotiable, as is normal across the industry. The actual $ value of bonus received is dependent on individual performance and the business unit.
What is a generous severance package? ›A generous severance package might include: Pay. It is standard to be paid for any accrued vacation time and also to be offered an additional lump sum, usually two weeks of pay for every year at the company.
Is CSCO a good Buy? ›Cisco Systems has received a consensus rating of Hold. The company's average rating score is 2.42, and is based on 9 buy ratings, 9 hold ratings, and 1 sell rating.
Is CSCO undervalued? ›
(NASDAQ:CSCO) Suggests It's 31% Undervalued - Simply Wall St News.
Is CSCO a buy sell or hold? ›The Cisco stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock.
What was Cisco's revenue growth in fy22? ›Cisco revenue for the twelve months ending October 31, 2022 was $52.289B, a 2.95% increase year-over-year. Cisco annual revenue for 2022 was $51.557B, a 3.49% increase from 2021.
What was Cisco fy22 q2 earnings? ›Cisco today reported second quarter results for the period ended January 29, 2022. Cisco reported second quarter revenue of $12.7 billion, net income on a generally accepted accounting principles (GAAP) basis of $3.0 billion or $0.71 per share, and non-GAAP net income of $3.5 billion or $0.84 per share.
What can I expect from Cisco earnings? ›For the current January-ending quarter, Cisco said it expects profit of 85 cents a share, in line with estimates. Cisco projected revenue growth of 5.5% at the midpoint of its guidance, above estimates for 4% sales growth. In addition, Cisco announced a restructuring plan.
IS Cisco struggling? ›While Cisco's numbers topped estimates, the company is still struggling to grow as the technology world rapidly shifts to cloud and subscription software and away from buying physical boxes. Cisco's stock price is down 27% this year, while the Nasdaq has dropped 29%.
Who is Cisco's biggest competitor? ›- Juniper.
- Huawei.
- Arista Networks.
- Dell Technologies.
- VMware.
- HPE (Aruba)
- Extreme Networks.
- NETGEAR.
Stock Price Forecast
The 19 analysts offering 12-month price forecasts for Cisco Systems Inc have a median target of 52.00, with a high estimate of 67.00 and a low estimate of 44.00. The median estimate represents a +8.63% increase from the last price of 47.87.