Exhibit 99.1

 

Press Contact:

   Investor Relations Contact:

Robyn Jenkins-Blum

   Melissa Selcher

Cisco

   Cisco

+1 (408) 853-9848

   +1 (408) 424-1335

rojenkin@cisco.com

   mselcher@cisco.com

CISCO REPORTS FOURTH QUARTER AND FISCAL YEAR 2012 EARNINGS

 

   

Q4 Net Sales: $11.7 billion (increase of 4% year over year)

 

   

Q4 Net Income: $1.9 billion GAAP (increase of 56% year over year); $2.5 billion non-GAAP (increase of 15% year over year)

 

   

Q4 Earnings per Share: $0.36 GAAP (increase of 64% year over year); $0.47 non-GAAP (increase of 18% year over year)

 

   

FY 2012 Net Sales $46.1 billion (increase of 7% year over year)

 

   

FY 2012 Net Income: $8.0 billion GAAP (increase of 24% year over year); $10.0 billion non-GAAP (increase of 11% year over year)

 

   

FY 2012 Earnings per Share: $1.49 GAAP (increase of 27% year over year); $1.85 non-GAAP (increase of 14% year over year)

SAN JOSE, Calif. – August 15, 2012 – 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 28, 2012. Cisco reported fourth quarter net sales of $11.7 billion, net income on a generally accepted accounting principles (GAAP) basis of $1.9 billion or $0.36 per share, and non-GAAP net income of $2.5 billion or $0.47 per share.

“As a result of our strong performance, continued execution on our plan to deliver profitable growth, and commitment to shareholders, for the full fiscal year, we delivered revenue growth of 7% as well as a record year in revenue and earnings per share,” stated Cisco Chairman and CEO John Chambers.

“Our strategy – delivering intelligent networks and technology architectures, built on integrated products, services and software platforms, to fuel our customers’ businesses – is proving the right long-term strategy for our success. There is no question that our industry and our world are evolving quickly and Cisco is squarely at the center of major technology market transitions – cloud, mobile, visual, virtual and social.”

Q4 GAAP Results

 

     Q4 2012      Q4 2011      Vs. Q4 2011  

Net Sales

   $ 11.7 billion       $ 11.2 billion         4.4

Net Income

   $ 1.9 billion       $ 1.2 billion         55.6

Earnings per Share

   $ 0.36       $ 0.22         63.6

Q4 Non-GAAP Results

 

     Q4 2012      Q4 2011      Vs. Q4 2011  

Net Income

   $   2.5 billion       $   2.2 billion         15.1

Earnings per Share

   $ 0.47       $ 0.40         17.5

Fiscal Year GAAP Results

 

     FY 2012      FY 2011      Vs. FY 2011  

Net Sales

   $ 46.1 billion       $ 43.2 billion         6.6

Net Income

   $ 8.0 billion       $ 6.5 billion         23.9

Earnings per Share

   $ 1.49       $ 1.17         27.4

Fiscal Year Non-GAAP Results

 

     FY 2012      FY 2011      Vs. FY 2011  

Net Income

   $ 10.0 billion       $   9.0 billion         10.9

Earnings per Share

   $ 1.85       $ 1.62         14.2

A reconciliation between net income on a GAAP basis and non-GAAP net income is provided in the table on page 6.

Cisco will discuss fourth quarter and fiscal year 2012 results and business outlook on a conference call and webcast at 1:30 p.m. Pacific Time today. Call information and related charts are available at http://investor.cisco.com.

Cash and Cash Equivalents and Investments

 

   

Cash flows from operations were $3.1 billion for the fourth quarter of fiscal 2012, compared with $3.0 billion for the third quarter of fiscal 2012, and compared with $2.8 billion for the fourth quarter of fiscal 2011. Cash flows from operations were $11.5 billion for fiscal 2012, compared with $10.1 billion for fiscal 2011.

 

   

Cash and cash equivalents and investments were $48.7 billion at the end of the fourth quarter of fiscal 2012, compared with $48.4 billion at the end of the third quarter of fiscal 2012, and compared with $44.6 billion at the end of the fourth quarter of fiscal 2011.

 

1


The following information was filed by Cisco Systems, Inc. (CSCO) on Wednesday, August 15, 2012 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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