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 2015 EARNINGS

Record Revenues and Non-GAAP EPS Reflect Strong Execution and Momentum

 

    Q4 Revenue: $12.8 billion (increase of 4% year over year)

 

    Q4 Earnings per Share: $0.45 GAAP; $0.59 non-GAAP

 

    FY 2015 Revenue: $49.2 billion (increase of 4% year over year)

 

    FY 2015 Earnings per Share: $1.75 GAAP; $2.21 non-GAAP

 

    Q1 FY 2016 Revenue Guidance: 2% - 4% growth year over year

 

    Q1 FY 2016 non-GAAP Earnings per Share Guidance: $0.55 - $0.57

SAN JOSE, Calif. — August 12, 2015 — 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 25, 2015. Cisco reported fourth quarter revenue of $12.8 billion, net income on a generally accepted accounting principles (GAAP) basis of $2.3 billion or $0.45 per share, and non-GAAP net income of $3.0 billion or $0.59 per share.

“I’m stepping into the CEO role at an incredibly exciting time for Cisco. We closed out our fiscal year with record revenues and record non-GAAP EPS, for both Q4 and FY15. I’m particularly pleased with the strong growth of deferred revenue which shows we are very effectively driving our business to a more predictable software-based business model, at the same time as growing revenues and earnings,” said Chuck Robbins, Cisco chief executive officer.

“These strong results show what we are capable of when we’re focused, and you can expect us to continue to drive the evolution of our portfolio to maximize the value we bring to customers in today’s rapidly changing market. The network’s strategic role at the center of everything becoming digital – today and in the future – is why I strongly believe Cisco’s best years are ahead of us.”

Q4 GAAP Results

 

     Q4 2015      Q4 2014          Vs. Q4 2014      

Revenue

   $ 12.8 billion       $ 12.4 billion         3.9%   

Net Income

   $ 2.3 billion       $ 2.2 billion         3.2%   

Diluted Earnings per Share (EPS)

   $ 0.45       $ 0.43         4.7%   

Q4 Non-GAAP Results

 

     Q4 2015      Q4 2014          Vs. Q4 2014      

Net Income

   $ 3.0 billion       $   2.8 billion         6.2%   

EPS

   $ 0.59       $ 0.55         7.3%   

Fiscal Year GAAP Results

 

     FY 2015      FY 2014          Vs. FY 2014      

Revenue

   $ 49.2 billion       $ 47.1 billion         4.3%   

Net Income

   $ 9.0 billion       $ 7.9 billion         14.4%   

EPS

   $ 1.75       $ 1.49         17.4%   

Fiscal Year Non-GAAP Results

 

     FY 2015      FY 2014          Vs. FY 2014      

Net Income

   $ 11.4 billion       $ 10.9 billion         4.5%   

EPS

   $ 2.21       $ 2.06         7.3%   

A reconciliation between net income and EPS on a GAAP and non-GAAP basis is provided in the table following the Consolidated Statements of Operations. Supplementary information related to other GAAP and non-GAAP measures is also provided in the tables below.

 

1


The following information was filed by Cisco Systems, Inc. (CSCO) on Wednesday, August 12, 2015 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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