Exhibit 99.1

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Press Contact:      Investor Relations Contact:
Robyn Jenkins-Blum      Marilyn Mora
Cisco      Cisco
1 (408) 853-9848      1 (408) 527-7452
rojenkin@cisco.com      marilmor@cisco.com

CISCO REPORTS FOURTH QUARTER AND FISCAL YEAR 2014 EARNINGS

Cisco transformation delivers record year and quarter of non-GAAP EPS

 

    Q4 Revenue: $12.4 billion (flat year over year)

 

    Q4 Earnings per Share: $0.43 GAAP; $0.55 non-GAAP

 

    FY 2014 Revenue: $47.1 billion (decrease of 3% year over year)

 

    FY 2014 Earnings per Share: $1.49 GAAP; $2.06 non-GAAP

SAN JOSE, Calif. — August 13, 2014 — 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, 2014. Cisco reported fourth quarter revenue of $12.4 billion, net income on a generally accepted accounting principles (GAAP) basis of $2.2 billion or $0.43 per share, and non-GAAP net income of $2.8 billion or $0.55 per share.

“We are executing well in a tough environment and delivered our best non-GAAP earnings per share quarter in our history. I’m pleased with how we are transforming our company over the past several years and that journey continues,” stated John Chambers, Cisco chairman and chief executive officer. “We are focused on growth, innovation and talent, especially in the areas of security, data center, software, cloud and internet of everything. Our strategy is sound, our financials are strong, and our market leadership is secure. We have the team in place to deliver and are uniquely positioned to help our customers solve their biggest business problems.”

Q4 GAAP Results

 

     Q4 2014      Q4 2013      Vs. Q4 2013  

Revenue

   $ 12.4 billion       $ 12.4 billion         (0.5 )% 

Net Income

   $ 2.2 billion       $ 2.3 billion         (1.0 )% 

Earnings per Share

   $ 0.43       $ 0.42         2.4

Q4 Non-GAAP Results

 

     Q4 2014      Q4 2013      Vs. Q4 2013  

Net Income

   $ 2.8 billion       $ 2.8 billion         (0.4 )% 

Earnings per Share

   $ 0.55       $ 0.52         5.8

Fiscal Year GAAP Results

 

     FY 2014      FY 2013      Vs. FY 2013  

Revenue

   $ 47.1 billion       $ 48.6 billion         (3.0 )% 

Net Income

   $ 7.9 billion       $ 10.0 billion         (21.3 )% 

Earnings per Share

   $ 1.49       $ 1.86         (19.9 )% 

Fiscal Year Non-GAAP Results

 

     FY 2014      FY 2013      Vs. FY 2013  

Net Income

   $ 10.9 billion       $ 10.9 billion        

Earnings per Share

   $ 2.06       $ 2.02         2.0

A reconciliation between net income on a GAAP basis and non-GAAP net income is provided in the table following the Consolidated Statements of Operations.

 

1


The following information was filed by Cisco Systems, Inc. (CSCO) on Wednesday, August 13, 2014 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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