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Nasdaq:CSCO
The
Group's principal activities are to design, development, manufacturing,
marketing and technical support of networking and other products and services
related to the communications and information technology industry. The
Group offers its products in five categories: Switches, Advanced Technologies,
Routers, Service, and Other. These products, primarily integrated by Group's
IOS Software, link geographically dispersed local-area networks (LANs)
and wide-area networks (WANs). The customers of the Group include large
enterprises, public institutions, telecommunications companies, commercial
businesses and personal residences. It operates in the United States, Canada,
European Markets, Eastern Europe, Latin America, the Middle East and Africa,
Russia, Asia Pacific and Japan. During Fiscal 2007 the Group acquired Arroyo
Video Solutions, Inc, IronPort Systems Inc, Reactivity, Inc and WebEx Communications
Inc.
http://www.cisco.com
Cisco
Systems Reports Q4 and Fiscal Year 2008 Earnings
Q4
Net Sales: $10.4 billion (increase of 10% year over year)
Q4
Net Income: $2.0 billion GAAP; $2.4 billion non-GAAP
Q4
Earnings per Share: $0.33 GAAP (increase of 6% year over year); $0.40 non-GAAP
(increase of 11% year over year)
FY
2008 Net Sales: $39.5 billion (increase of 13% year over year)
FY
2008 Net Income: $8.1 billion GAAP; $9.6 billion non-GAAP
FY
2008 Earnings per Share: $1.31 GAAP (increase of 12% year over year); $1.56
non-GAAP (increase of 16% year over year)
SAN
JOSE, Calif. - August 5, 2008 - Cisco, the worldwide leader in networking
that transforms how people connect, communicate and collaborate, today
reported its fourth quarter and fiscal year results for the period ended
July 26, 2008. Cisco reported fourth quarter net sales of $10.4 billion,
net income on a generally accepted accounting principles (GAAP) basis of
$2.0 billion or $0.33 per share, and non-GAAP net income of $2.4 billion
or $0.40 per share.
"Cisco
delivered solid quarterly and annual results as network-enabled business
process changes and productivity increases gain traction on a global basis,"
said John Chambers, chairman and CEO, Cisco. "Today's strong results demonstrate
the company's ability to execute. The market is clearly in transition,
and we will use this time as an opportunity to expand our share of customer
spend and to aggressively move into market adjacencies."
Chambers
continued, "Our focus is on our portfolio approach to technology innovation,
a broad global footprint, and management dedicated to sustainable differentiation
and execution. We believe we are entering the next phase of the Internet
as growth and productivity will center on collaboration enabled by networked
Web 2.0 technologies."
Cisco
Reports Third Quarter Earnings
Q3
Net Sales: $8.9 billion (increase of 21% year over year)
Q3
Net Income: $1.9 billion GAAP; $2.1 billion non-GAAP
Q3
Earnings Per Share: $0.30 GAAP (increase of 36% year over year); $0.34
non-GAAP (increase of 17% year over year)
Q3
FY07 Financial Results
Related
Information
Q3
FY07 Technology & Customer Highlights
SAN
JOSE, Calif. - May 8, 2007 - Cisco®, the worldwide leader in networking
that transforms how people connect, communicate and collaborate, today
reported its third quarter results for the period ended April 28, 2007.
Cisco reported third quarter net sales of $8.9 billion, net income on a
generally accepted accounting principles (GAAP) basis of $1.9 billion or
$0.30 per share, and non-GAAP net income of $2.1 billion or $0.34 per share.
Scientific-Atlanta, Inc., acquired on February 24, 2006, contributed net
sales of $752 million during the third quarter of fiscal 2007, compared
with $407 million during the third quarter of fiscal 2006.
"We
are pleased with Cisco's continued year-over-year growth based on strong
execution across the company," said John Chambers, chairman and CEO, Cisco.
"Our success is based on the ability to foresee market transitions, which
has enabled us to deliver the right products for today's market opportunities
and prepares us to take advantage of new opportunities in the future.
"In
our view, we are in the midst of a unique market transition, where all
of the action is going to the network and our vision for the network as
a platform for all forms of communications and IT has become a reality,"
Chambers continued. "While we are very pleased with our continued growth,
our communications and collaboration technologies are enabling the second
phase of the Internet, or Web 2.0, which is redefining how people, companies
and countries collaborate in ways never before realized."
GAAP
Results
Q3
2007 Q3 2006 vs. Q3 2006
Net
Sales $8.9 billion $7.3 billion +21.1%
Net
Income $1.9 billion $1.4 billion +33.9%
Earnings
per Share $ 0.30 $ 0.22 +36.4%
Non-GAAP
Results
Q3
2007 Q3 2006 vs. Q3 2006
Net
Income $2.1 billion $1.8 billion +16.4%
Earnings
per Share $ 0.34 $ 0.29 +17.2%
Net
sales for the first nine months of fiscal 2007 were $25.5 billion, compared
with $20.5 billion for the first nine months of fiscal 2006. Scientific-Atlanta,
Inc. contributed $2.0 billion to net sales during the first nine months
of fiscal 2007, compared with $407 million during the first nine months
of fiscal 2006. Net income for the first nine months of fiscal 2007, on
a GAAP basis, was $5.4 billion or $0.86 per share, compared with $4.0 billion
or $0.64 per share for the first nine months of fiscal 2006. Non-GAAP net
income for the first nine months of fiscal 2007 was $6.1 billion or $0.98
per share, compared with $5.0 billion or $0.80 per share for the first
nine months of fiscal 2006.
A
reconciliation between GAAP net income and non-GAAP net income is provided
in the table on page 6.
Cisco
will discuss third quarter results and business outlook on a conference
call and Webcast at 1:30 p.m. Pacific Time today. Call information and
related charts are available at http://investor.cisco.com
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