Exhibit 99.1

 

Press Contact:    Investor Relations Contact:
Marc Musgrove    Melissa Selcher
Cisco    Cisco
1 (408) 525-6320    1 (408) 424-1335
mmusgrov@cisco.com    mselcher@cisco.com

CISCO REPORTS FOURTH QUARTER AND FISCAL YEAR 2013 EARNINGS

 

   

Q4 Revenue: $12.4 billion (increase of 6% year over year)

 

   

Q4 Earnings per Share: $0.42 GAAP; $0.52 non-GAAP

 

   

FY 2013 Revenue: $48.6 billion (increase of 6% year over year)

 

   

FY 2013 Earnings per Share: $1.86 GAAP; $2.02 non-GAAP

SAN JOSE, Calif. — August 14, 2013 — 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 27, 2013. Cisco reported fourth quarter revenue of $12.4 billion, net income on a generally accepted accounting principles (GAAP) basis of $2.3 billion or $0.42 per share, and non-GAAP net income of $2.8 billion or $0.52 per share.

“My confidence in our ability to be the #1 IT Company is increasing. Our fourth quarter was a record on many fronts, with record revenue, and record non-GAAP operating income, non-GAAP net income, and non-GAAP earnings per share. In every case, we exceeded the midpoint of our guidance. We also generated $4 billion in operating cash flow in the quarter, another record,” stated Cisco Chairman and CEO John Chambers.

“Now, more than ever, our customers and our partners want Cisco’s help navigating the inconsistent global landscape successfully. They recognize the benefit of a partner who is not only the leader in their product categories, but can bring technologies and solutions together in an architecture to lower operating costs, reduce time to results, and future proof their investments.”

Q4 GAAP Results

 

     Q4 2013   Q4 2012   Vs. Q4 2012

Revenue

     $ 12.4  billion     $ 11.7  billion       6.2 %

Net Income

     $ 2.3  billion     $ 1.9  billion       18.4 %

Earnings per Share

     $ 0.42       $ 0.36         16.7 %

Q4 Non-GAAP Results

 

     Q4 2013   Q4 2012   Vs. Q4 2012

Net Income

     $ 2.8  billion     $ 2.5  billion       12.7 %

Earnings per Share

     $  0.52       $  0.47         10.6 %

Fiscal Year GAAP Results

 

     FY 2013   FY 2012   Vs. FY 2012

Revenue

     $ 48.6  billion     $ 46.1  billion       5.5 %

Net Income

     $ 10.0  billion     $ 8.0  billion       24.2 %

Earnings per Share

     $  1.86       $  1.49         24.8 %

Fiscal Year Non-GAAP Results

 

     FY 2013   FY 2012   Vs. FY 2012

Net Income

     $ 10.9  billion     $ 10.0  billion       8.5 %

Earnings per Share

     $  2.02       $  1.85         9.2 %

GAAP net income and GAAP earnings per share for the fourth quarter and fiscal year ended July 27, 2013 include the previously disclosed charge of $0.03 per share for the TiVo, Inc. (“TiVo”) patent litigation settlement. This charge was excluded from non-GAAP earnings per share. A reconciliation between net income on a GAAP basis and non-GAAP net income is provided in the table below.

 

1


The following information was filed by Cisco Systems, Inc. (CSCO) on Wednesday, August 14, 2013 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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