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 2011 EARNINGS

 

   

Q4 Net Sales: $11.2 billion

 

   

Q4 Net Income: $1.2 billion GAAP; $2.2 billion non-GAAP

 

   

Q4 Earnings per Share: $0.22 GAAP; $0.40 non-GAAP

 

   

FY 2011 Net Sales: $43.2 billion

 

   

FY 2011 Net Income: $6.5 billion GAAP; $9.0 billion non-GAAP

 

   

FY 2011 Earnings per Share: $1.17 GAAP; $1.62 non-GAAP

SAN JOSE, Calif. – August 10, 2011 – 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 30, 2011. Cisco reported fourth quarter net sales of $11.2 billion, net income on a generally accepted accounting principles (GAAP) basis of $1.2 billion or $0.22 per share, and non-GAAP net income of $2.2 billion or $0.40 per share.

“We’ve made significant progress on our comprehensive action plan to position ourselves for our next stage of growth and profitability, while delivering solid financial results in Q4,” said John Chambers, chairman and CEO, Cisco. “As we start our next fiscal year, you will see a very focused, agile, lean and aggressive company, that is laser focused on helping our customers use intelligent networks to transform their businesses.”

Q4 GAAP Results

 

     Q4 2011      Q4 2010      Vs. Q4 2010  

Net Sales

   $ 11.2 billion       $ 10.8 billion         3.3

Net Income

   $ 1.2 billion       $ 1.9 billion         (36.3 )% 

Earnings per Share

   $ 0.22       $ 0.33         (33.3 )% 
Q4 Non-GAAP Results   
     Q4 2011      Q4 2010      Vs. Q4 2010  

Net Income

   $ 2.2 billion       $ 2.5 billion         (12.4 )% 

Earnings per Share

   $ 0.40       $ 0.43         (7.0 )% 
Fiscal Year GAAP Results   
     FY 2011      FY 2010      Vs. FY 2010  

Net Sales

   $ 43.2 billion       $ 40.0 billion         7.9

Net Income

   $ 6.5 billion       $ 7.8 billion         (16.4 )% 

Earnings per Share

   $ 1.17       $ 1.33         (12.0 )% 
Fiscal Year Non-GAAP Results   
     FY 2011      FY 2010      Vs. FY 2010  

Net Income

   $ 9.0 billion       $ 9.4 billion         (4.3 )% 

Earnings per Share

   $ 1.62       $ 1.61         0.6

 

1


The following information was filed by Cisco Systems, Inc. (CSCO) on Wednesday, August 10, 2011 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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