Exhibit 99.1

 

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Press Contact:     Investor Relations Contact:
Andrea Duffy     Marilyn Mora
Cisco     Cisco
1 (646) 295-5241     1 (408) 527-7452
anduffy@cisco.com     marilmor@cisco.com

CISCO REPORTS FOURTH QUARTER AND FISCAL YEAR 2016 EARNINGS

 

    Q4 Revenue: $12.6 billion

 

    Growth of 2% year over year — Q4 guidance was 0% to 3% growth year over year (normalized to exclude the SP Video CPE Business for Q4 FY 2015)

 

    Q4 Earnings per Share: $0.56 GAAP; $0.63 non-GAAP

 

    FY 2016 Revenue (normalized to exclude the SP Video CPE Business):

 

    $48.7 billion, growth of 3% year over year

 

    FY 2016 Earnings per Share: $2.11 GAAP; $2.36 non-GAAP

 

    Q1 FY 2017 Outlook:

 

    Revenue: -1% to 1% growth year over year (normalized to exclude the SP Video CPE Business for Q1 FY 2016)

 

    Earnings per Share: GAAP $0.42 - $0.47; Non-GAAP: $0.58 to $0.60

SAN JOSE, Calif. — August 17, 2016 — Cisco today reported fourth quarter and fiscal year results for the period ended July 30, 2016. Cisco reported fourth quarter revenue of $12.6 billion, net income on a generally accepted accounting principles (GAAP) basis of $2.8 billion or $0.56 per share, and non-GAAP net income of $3.2 billion or $0.63 per share.

“We had another strong quarter, wrapping up a great year. I am particularly pleased with our performance in priority areas including security, data center switching, collaboration, services as well as our overall performance, with revenues up 2% in Q4 excluding the SP Video CPE business,” said Chuck Robbins, CEO of Cisco. “We continue to execute well in a challenging macro environment. Despite slowing in our Service Provider business and Emerging Markets after three consecutive quarters of growth, the balance of the business was healthy with 5% order growth. This growth and balance demonstrates the strength of our diverse portfolio. Our product deferred revenue from software and subscriptions grew 33% showing the continued momentum of our business model transformation.”

Q4 GAAP Results

 

     Q4 FY 2016      Q4 FY 2015      Vs. Q4 FY 2015  

Revenue (including SP Video CPE Business for all periods)

   $   12.6 billion       $   12.8 billion         (2 )% 

Revenue (excluding SP Video CPE Business for all periods)

   $ 12.6 billion       $ 12.4 billion         2

Net Income

   $ 2.8 billion       $ 2.3 billion         21

Diluted Earnings per Share (EPS)

   $ 0.56       $ 0.45         24

Q4 Non-GAAP Results

 

     Q4 FY 2016      Q4 FY 2015      Vs. Q4 FY 2015  

Net Income (excluding SP Video CPE Business for all periods)

   $   3.2 billion       $   3.0 billion         7

EPS (excluding SP Video CPE Business for all periods)

   $ 0.63       $ 0.58         9

 

1


The following information was filed by Cisco Systems, Inc. (CSCO) on Wednesday, August 17, 2016 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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