Largest networking-equipment maker Cisco may cut 10k jobs to help company save $1 billion 13 Jul, 2011, 06.15 AM IST. Q4 fiscal year 2020 conference call to discuss Cisco's results along with guidance will be held on Wednesday, August 12, 2020 at 1:30 p.m. Pacific Time. Louisville, KY 40233 Cisco Systems Inc. forecasts its first quarterly revenue growth in a year as evidence that the US and other economies are roaring back. Product revenue was led by growth in Security, up 10%. Cisco Center, SES, KKI, AACPS re-open----- January 20. GROSS MARGINS, OPERATING EXPENSES, OPERATING MARGINS, INTEREST AND OTHER INCOME (LOSS), NET, AND NET INCOME, Income tax effect/significant tax matters, Income tax effect/significant tax matters (1). Learn about Cisco Systems Paid Holidays, including a description from the employer, and comments and ratings provided anonymously by current and former Cisco Systems employees. Got a tip about Cisco or another tech company? Updated daily, it takes into We expect to recognize approximately $800 million of these charges in the first quarter of fiscal 2021 with the remaining amount to be recognized during the rest of the fiscal year. cmterm-devicepack8.6.2.26169-1.cop.sgnThanks, Jason SS7INNIC EMS User Data Question. Printable 2020 Calendar By Month cisco 2020 holidays 2020 Printable Calendar One Page cisco 2020 holidays, Free Printable 2020 Monthly Calendar With Holidays cisco 2020 holidays 2020 One Page Calendar templates excel pdf as well as other partner offers and accept our, Cisco, a leading maker of enterprise networking gear, Meet the 10 Oracle execs backing CEO Safra Catz and founder Larry Ellison in the tech giant's cloud offensive against Amazon, Microsoft, and Google. ", "We executed well in Q4, delivering strong margins despite the very challenging environment," said Kelly Kramer, CFO of Cisco. San Jose, CA 95134-170 USA On a non-GAAP basis, total gross margin, product gross margin, and service gross margin were 65.0%, 63.2%, and 69.8%, respectively, as compared with 65.5%, 64.7%, and 67.9%, respectively, in the fourth quarter of 2019. REVENUE FOR GROUPS OF SIMILAR PRODUCTS AND SERVICES, Accounts receivable, net of allowance for doubtful accounts of $143 at July 25, 2020 and $136 at July 27, 2019. InvestorPlace 11/04/20. (1)  The three months and fiscal year ended July 27, 2019 includes a $0.9 billion charge related to the Tax Cuts and Jobs Act. All rights reserved. This release includes non-GAAP net income, non-GAAP gross margins, non-GAAP operating expenses, non-GAAP operating income and margin, non-GAAP effective tax rates, non-GAAP interest and other income (loss), net, and non-GAAP net income per share data for the periods presented. Third-party trademarks mentioned in this document are the property of their respective owners. To enroll or to find out more about the program, please contact Computershare Investor Services. GAAP results for fiscal 2019 include charges related to the Tax Cuts and Jobs Act of $0.9 billion. Provision for Income Taxes -- The GAAP tax provision rate was 20.3%. Revenue -- Total revenue was $49.3 billion, a decrease of 5%. * Average Estimates in Million (e.g. Cisco Live 2020 digital event: Sessions available on demand. Fax: (408) 853-3683 Q4 fiscal year 2020 conference call to discuss Cisco's results along with guidance will be held on Wednesday, August 12, 2020 at 1:30 p.m. Pacific Time. Map & Directions. It also includes future estimated ranges for gross margin, operating margin, tax provision rate and EPS on a non-GAAP basis. In prior periods, Cisco has excluded other items that it no longer excludes for purposes of its non-GAAP financial measures. Although any such projections and the factors influencing them will likely change, Cisco will not necessarily update the information, since Cisco will only provide guidance at certain points during the year. For additional information on the items excluded by Cisco from one or more of its non-GAAP financial measures, refer to the Form 8-K regarding this release furnished today to the Securities and Exchange Commission. Cisco believes that non-GAAP measures have limitations in that they do not reflect all of the amounts associated with Cisco's results of operations as determined in accordance with GAAP and that these measures should only be used to evaluate Cisco's results of operations in conjunction with the corresponding GAAP measures. RSS Feed for Cisco:, SAN JOSE, Calif.,  October 29, 2020 --- Cisco has scheduled, SAN JOSE, Calif., November 2, 2020 --- Cisco today announced, News Summary:  Analysis of millions of corporate users, devices, News Summary:   New solutions enable IT to simplify their operations. Forward Looking Statements, Non-GAAP Information and Additional Information. © 2020 Insider Inc. and GmbH (Imprint). Calendar type: Gregorian calendar If you experience any issues with … Cisco (Nasdaq: CSCO) is the worldwide leader in technology that powers the Internet. IBM would be making an opportunistic grab for a deep well of technology that Sun has nearly buried itself developing. Capital Allocation -- In the fourth quarter of fiscal 2020, we declared and paid a cash dividend of $0.36 per common share, or $1.5 billion. Cisco's management also uses the foregoing non-GAAP measures, in addition to the corresponding GAAP measures, in reviewing the financial results of Cisco. The year 2020 is a leap year, with 366 days in total. Box 505000 Revenue and non-GAAP financial information have been normalized to exclude the SPVSS business from prior periods for comparative purposes. Leaving behind a period of unfettered growth, companies are in the midst of the perfect storm and the need for cold hard cash is at the centre of it. "We have a subset of our employees who are home alone and just feeling isolated," she told Business Insider. Operating cash flow for fiscal 2019 includes the receipt of $0.4 billion related to a litigation settlement with Arista Networks. To see additional events, click the "Clear filters" button. The historical dividend information is provided by Mergent, a third party service, and Cisco Systems does not maintain or provide information directly to this service. Discover more at and follow us on Twitter at @Cisco. ", Amortization of purchased intangible assets. Disclaimer | Non-GAAP operating income was $4.0 billion, down 8%, with non-GAAP operating margin at 33.0%. This release may be deemed to contain forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. 717 E. Industrial Blvd Abilene, TX 79602 Phone: 325-794-4400 Map & Directions. Cisco believes that the presentation of these measures provides useful information to investors and management regarding financial and business trends relating to its financial condition and its historical and projected results of operations because the SPVSS business will not be part of Cisco on a go forward basis. Change in operating assets and liabilities, net of effects of acquisitions and divestitures: Net cash provided by operating activities, Purchases of investments in privately held companies, Return of investments in privately held companies, Proceeds from sales of property and equipment, Net cash provided by investing activities, Repurchases of common stock - repurchase program, Shares repurchased for tax withholdings on vesting of restricted stock units, Short-term borrowings, original maturities of 90 days or less, net, Net increase in cash, cash equivalents, and restricted cash, Cash, cash equivalents, and restricted cash, beginning of fiscal year, Cash, cash equivalents, and restricted cash, end of fiscal year, DIVIDENDS PAID AND REPURCHASES OF COMMON STOCK. Cisco divested its Service Provider Video Software Solutions business (SPVSS) during the second quarter of fiscal 2019 on October 28, 2018. Conference call number is 1-888-848-6507 (United States) or 1-212-519-0847 (international). Net Income and EPS -- On a GAAP basis, net income was $2.6 billion, an increase of 19%, and EPS was $0.62, an increase of 22%. Except as noted above, this guidance does not include the effects of any future acquisitions/divestitures, asset impairments, restructurings and significant tax matters or other events, which may or may not be significant unless specifically stated. One for "system" (i.e. All revenue, non-GAAP, and geographic financial information in the "FY 2020 Highlights" sections are presented excluding the SPVSS business for all prior periods as it was divested during the second quarter of fiscal 2019, on October 28, 2018. Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. 170 West Tasman Drive Cisco inspires new possibilities by reimagining your applications, securing your data, transforming your infrastructure, and empowering your teams for a global and inclusive future. Operating Expenses -- On a GAAP basis, operating expenses were $4.4 billion, down 9%, and were 36.5% of revenue. These non-GAAP measures are not in accordance with, or an alternative for, measures prepared in accordance with generally accepted accounting principles and may be different from non-GAAP measures used by other companies. To opt-out of investor email alerts, please enter your email address in the field below and you will be removed for ALL investor email alerts that you are subscribed to. Cisco reported fourth quarter revenue of $12.2 billion, net income on a generally accepted accounting principles (GAAP) basis of $2.6 billion or $0.62 per share, and non-GAAP net income of $3.4 billion or $0.80 per share. The financial information contained in this release should be read in conjunction with the consolidated financial statements and notes thereto included in Cisco's most recent reports on Forms 10-Q and 10-K as each may be amended from time to time. Infrastructure Platforms was down 16% and Applications was down 9%. (2) Reflects three months of operations for the SPVSS business. Some holidays and dates are color-coded: Red –Federal Holidays and Sundays. Created by foxr on 10-29-2020 02:13 AM balance sheet and inputs from the stock market. Made In NYC | Printable 2020 Calendar By Month cisco 2020 holidays 2020 Printable Calendar One Page cisco 2020 holidays, Free Printable 2020 Monthly Calendar With Holidays cisco 2020 holidays 2020 One Page Calendar templates excel pdf Yet there is one reason to unplug: ourselves.". Remaining Performance Obligations -- $28.4 billion at the end of fiscal 2020, up 12%. risk, allowing investors to make better decisions and streamline their work ow. Hello,I'm looking for this device pack that's no longer available on Cisco's download section. Deferred service revenue was up 7%. Local holidays are not listed.