» Cisco Systems, Inc. F4Q09 (Qtr End 7/25/09) Earnings Call Transcript Welcome to Cisco Systems Third Quarter and Fiscal Year 2010 Financial Results Conference Call. In terms of orders in Q1, total product orders were down 5%. We know what’s coming off the balance sheet with all the software. Example, take SD-WAN, cloud security, secure Internet Gateway and deliver that capability for our customers as a service in the future, which is high value, very differentiated, those are kinds of things we’re thinking — that we’re working through right now. We would sell integrated systems, whatever our customers wanted. Any insight you can offer on that particular dynamic from a longer-term perspective? Revenues rose 19% year-over-year to $20.6 billion. We have a clear vision and strategy, and I feel very good about our portfolio and the innovation we are driving. I think they enterprise thing is going to be fine. Thanks Tim. Could you go into a little bit more detail on that? Yeah. And E-rate was strong for sure, and we think that will stay strong. Can you tell us if duration — how duration is changing? Thanks for taking my question, guys. CEO Chuck Robbins on Q3 2019 Results - Earnings Call Transcript All call transcripts 61,070 people own Cisco Systems on Robinhood Powered by Robintrack. CSCO Earnings Call - Final Transcript November 12, 2020 Cisco Systems Inc (NASDAQ: CSCO) Q1 2021 earnings call dated Nov. 12, 2020 Great, thanks. This guidance is subject to the disclaimer regarding forward-looking information that Marilyn referred to earlier. We saw K through 12 building out a lot of infrastructure for — while students were not there. Thanks for the question. Thanks for the question, and congrats again on the retirement, Kelly. Paul Silverstein from Cowen & Co. You may go ahead, sir. Thanks Marilyn. And it’s been a pleasure, Kelly. As a reminder, this is a product area most impacted by the COVID environment. Cisco, which has long been a … The third area is focused on helping communications providers succeed with significant architectural transitions like 400 gig and 5G. I’d say on public sector, we feel pretty good about it actually. And just, I didn’t hear in your prepared remarks anything in relation to plans about like having hardware as a service, as some of your peers are trying. We have technology that we’ve built in that I’ve actually seen working this week, where we have sensors in the units that — not only will you have high definition video, but we have sensors in the units that actually monitor how many people are in a room and you get warnings if you’re exceeding whatever capacity the company has defined for that room. And I think my comments were either misstated or misconstrued last time and some folks thought that we were thinking about some significantly larger acquisition strategy. In terms of question, I wanted to see if you could talk a little bit about the maturity of the campus refresh in terms of the opportunity in front of you for the Cat 9K, as well as whether you’re seeing a benefit from renewals on DNA subscriptions. Our federal — federal spending in the US was strong. Jim Suva from Citigroup Investment Research. Many customers have shared with me that they are compressing years of work into just a few months. Thanks Sami. Cisco Webex saw significant increased usage and solid adoption as customers look to us for a flexible work solution that also enables privacy and security. Organizations are focused on creating flexible work environments to drive productivity, while ensuring that employees remain safe. And even sequentially from Q4, it’s better. Now I would like to introduce Marilyn Mora, Head of Investor Relations. Product gross margin was 65.3%, down 0.8 points and service gross margin was 67.1%, up 1.7 points year-over-year. Next question? Congrats on the quarter, and also good luck, Kelly. Cisco Systems, Inc. (CSCO) latest earnings report: revenue, EPS, surprise, history, news and analysis. Our teams are executing with excellence, and we continue to make steady progress on our shift to a software and subscription-driven model. Data center revenue declined, driven by servers. Yeah, I’ll give you my quick perspective, Tal, and then Kelly can add to it. Moving to our collaboration portfolio, business continuity and resiliency remain top of mind for our customers. Cisco Systems (CSCO) Earnings Report: Q3 2015 Conference Call Transcript The following Cisco Systems conference call took place on May 13, 2015, 04:30 PM ET. I just wanted to touch up a little bit on the public sector order strength. Tim Long from Barclays. Cisco Systems, Inc. (NASDAQ:CSCO) Q1 2020 Earnings Conference Call - Final Transcript Welcome to Cisco's First Quarter Fiscal Year 2020 Financial Results Conference Call. I think that we also talked about the Cat 9K continued to show strength with double-digit demand growth, and it — and so, what we think is going to happen is when customers go back, they are going to ensure that they have robust infrastructure. In Q1, as you've seen, we had revenue growth of 2% and double-digit non-GAAP earnings per share growth. Thanks guys. We will continue to deliver the end-to-end intelligent security architecture designed to keep their data private and their people secure. Total emerging markets were down 15% with the BRICS plus Mexico down 19%. All comparisons made throughout this call will be made on a year-over-year basis. About half — slightly more than half of the total balance will get recognized in the next 12 months and the rest is longer term. RPO for product was up 15% and service was up 8%. And so, we’ve seen really good progress. What is that — even though those have deteriorated, you think it’s just a short-term effect? Our world-class security team recently delivered new innovations, including extended detection and response, Zero Trust and secure access services edge. Our overall Q1 results reflect good execution with strong margins in a challenging environment. And on RPO, Ittai, the duration hasn’t changed much since we started reporting this over a year ago. While we're pleased with this performance, we're most focused on the environment as we move forward. What I think has happened is, I think customers have come to grips with the fact that this thing is going to be with us for some period of time. He is going to be fantastic for the Company. We’re in the middle of infrastructure to support it. Thanks Simon. Final earnings conference call transcript of Cisco Systems Inc. - CSCO stock. If you look at the platform play, the work that our service provider, Mass-Scale Infrastructure Group, is doing and some of the wins we’re seeing there, the 5G backhaul and packet core wins that we’re seeing and the, at least, architectural progress we’re making whenever our service provider customers start building out their 5G core standalone infrastructure, we feel good about where we are. What's happening inside Cisco regardless of the macro is an unrelenting focus on driving innovation, transforming our business, and exceeding our customers' expectations. This is why we are driving new innovation that helps our customers connect, secure and automate their environments at a faster pace than ever before. We did continue to see strong growth in Webex with the importance of remote working. And we thank you very much for joining the call. But we are excited about Scott. Yeah. I would say on the campus refresh, when you look at Wi-Fi 6, you look at the Cat 9K stuff, we’re still early on, honestly. We saw declines across switching, routing, data center and wireless, driven primarily by the weakness we saw in the enterprise and commercial markets. For services, it’s still growing for us. They are subject to the risks and uncertainties, including COVID-19 that we discuss in detail in our documents filed with the SEC, specifically the most recent report on Form 10-K, which identify important risk factors that could cause actual results to differ materially from those contained in the forward-looking statements. Cisco Systems, Inc. Q1 2019 Earnings Conference - Final Transcript Nov 14, 2018 • 04:30 pm ET Cisco Systems, Inc. Q4 2018 Earnings Conference - Final Transcript The rate impacts, the number that we usually talk about, it was down 1.8 points, which as you know, is in our normal kind of operating range. But I’m happy to see where we are this quarter on pricing. Samik Chatterjee from J.P. Morgan. And now, I think people know that it’s going to be a balanced going back. Some large customers who are already in the midst of modernizing their infrastructure continue to do so, as we’ve seen with the ongoing success of the Catalyst 9000. We’re starting to see signs of 5G core spending and, Chuck, you alluded to it on the call and also more about the desire for OpenRAN. And so, I think it was just more consistency basically. And I think also the web scale and the service provider, 5G build-outs, we feel like those are going to continue. Chuck, in your prepared remarks, you outlined kind of six focus areas as you align the business to where you’re seeing customer demand come back. We see real momentum in security. So I think it’s — the short answer is, Rod, it’s largely a couple of big deals a year ago and we see the funnel strengthening. Thanks Chuck. And so, while we have to wait and see, we’re optimistic about it. Software subscriptions were 78% of total software revenue up 7 points year on year. So I’m wondering if you guys could just kind of connect those two dots for us, help us understand why that is. Michelle, I’ll turn it over to you. We also continue to help our customers operate in a multi-cloud environment and optimize our overall cloud experience. Our new technology pipeline remains strong as we continue to accelerate our pace of innovation. This was offset by declines and Unified Communications and TelePresence endpoints. So I think you’re going to see us continue to add more software assets, both organically and inorganically as — and most all of those solutions are sold as a service. Today, I’m excited that Scott Herren will be joining Cisco as our new Executive Vice President and Chief Financial Officer beginning December 18. And so that was a beginning of fiscal ’18. We ended Q1 with total cash, cash equivalents and investments of $30 billion. Welcome, everyone, to Cisco’s first quarter of fiscal 2021 quarterly earnings conference call. Okay. From a non-GAAP profitability perspective, total Q1 gross margin was 65.8%, down 0.1 points. Cisco reported second quarter We are going to take a look at CISCO Stock Earnings (CSCO Earnings). amp video_youtube Yesterday bookmark_border share more_vert Cisco announced plans to cut $1 billion in costs. Earnings per Share: GAAP: $0.63 to $0.68; Non-GAAP: $0.76 to $0.78 SAN JOSE, Calif., Feb. 13, 2019 -- Cisco today reported second quarter results for the period ended January 26, 2019. We now plan to close the call. Just when did you start to see that uptick? The network equipment provider reported $0.76 EPS for the quarter, topping analysts' consensus estimates of $0.70 by $0.06. Also thanks to you, Chuck. The new E-rate program kicked in, Jim, which contributes a lot when that gets going. Thank you. But again, there’s a lot of variables that can move that either way. Sorry about that. As it relates to the 5G stuff, you’re right, where we are seeing benefit today is we’re winning a lot of backhaul opportunities. As we think about the next few years, there are six key areas we are focused on. This compares to earnings of … But we’ll use a combination. And best of luck. Our non-GAAP operating margin rate was 32.7%, down 0.9 points. We are providing seamless collaboration with anyone anywhere, while enabling consistent experiences for hybrid workplaces and continuing our leadership in security. And we see — in our pipeline, we see a robust pipeline right now. That’s a great question. Meta Marshall from Morgan Stanley Investment Research. Thanks on a nice quarter, guys. Ma’am, you may begin. A corresponding webcast with slides, including supplemental information, will be made available on our website in the Investor Relations section following the call. We will certainly miss her, but we’re very excited to have Scott this role and as part of our team. I think we had seven more wins between those two in the last quarter. The future of work will be a hybrid model with employees both in the office and at home, and we are leading in this area. And nice working with you, Kelly. Let me provide more detail on our Q1 revenue. With respect to guidance, please also see the slides and press release that accompany this call for further details. Throughout this conference call we will be referencing both GAAP and non-GAAP financial results and we'll discuss product results in terms of revenue and geographic and customer results in terms of product orders, unless stated otherwise. So, that gives us a fair amount of optimism. A corresponding webcast with slides, including supplemental information, will be made available on our website in the Investor Relations section following the call. We expect revenue to be in the range of flat to minus 2% year-over-year. On the public sector, that was reasonably consistent around the world, and a lot of it was — there was a lot of stimulus that was put in the system by lots of governments around the world. | Source: Seeking Alpha Cisco F1Q07 (Qtr End 10/28/06) Earnings Call Transcript Nov. 8, 2006 | Price: Free! I guess a couple of things for me. Cisco Systems (NASDAQ:CSCO) Q1 2021 Earnings Call Nov 12, 2020, 4:30 p.m. Everybody is moving to this WAN re-architecture with SD-WAN and cloud security. Last month alone, Webex had nearly 600 million participants, almost double the number we had in March. We also delivered strong non-GAAP gross margins and. We delivered a solid quarter against a challenging macro environment. I’ll now turn it back to Marilyn so we can move into the Q&A. Thank you. And so our teams continue to work on building out our overall stack for how we’re playing that OpenRAN space over time. So that’s positive. So in closing, Cisco’s next quarterly earnings conference call, which will reflect our fiscal 2021 second quarter results, will be on Tuesday, February 9, 2021 at 1:30 PM Pacific Time, 4:30 PM Eastern Time. Rod Hall, you may go ahead — from Goldman Sachs. ET Prepared … They need speed, agility and simplicity. They did deteriorate quite a bit. I guess, my question is really on the top line guide. And then, I know, Chuck, you said you’re not that concerned by the enterprise orders. It was not — we saw decent performance from the beginning, and it stayed pretty consistent throughout. Our customers are also looking for highly secure, high-speed, low-latency connectivity to the Internet. By combining our leading solutions, SD-WAN and Umbrella with our new secure Internet gateway capabilities, our customers can deploy solutions to enable their users to simply and securely access cloud workloads and SaaS applications. You may go ahead, sir. We are also accelerating our innovation with new offerings such as Webex Legislate to keep critical functions of global governments running, along with capabilities like breakout rooms, virtual huddle spaces and noise cancellation. I would say that right now, there — we are probably at the peak of internal innovation that we’ve — that I’ve seen for a long time. Welcome to Cisco's First Quarter Fiscal Year 2020 Financial Results Conference Call. Cisco … With the right technology and tools, we can be even more effective and productive, and that’s what we intend to deliver for our customers. First, I want to start off by saying I hope everyone is safe and healthy. I guess my question is building on the last question. I also want to congratulate Scott on his new role. This is a transcript of that earnings call: Company Participants Melissa Selcher Remaining performance obligations, or RPO, at the end of Q1 were $27.5 billion, up 10%. This reflects their belief in our strategy going forward and their ongoing commitment to invest with us to build out their future architectures. Neither the information nor any opinion expressed in this transcript constitutes a solicitation of the purchase or sale of securities or commodities. And in the US in particular, we saw strength and we saw everything from Department of Defense spending to the local municipal spending. Is this something that can consistently be growing from a product orders and strength perspective in at least the upcoming quarter? Now, I want to share more on our CFO transition. If I just look at switching and routing and Juniper and Arista, on a global basis, without getting into details of the composition, you’re down more than they are. Thank you. » Cisco Systems F1Q10 (Qtr End 10/24/09) Earnings Call Transcript Welcome to Cisco Systems Second Quarter and Fiscal Year 2011 Financial Results Conference Call. And then, I think they took a pause, which is what we felt in our last quarter in orders. Our customers are rethinking how they support and serve their customers and their employees. CSCO Earnings Call - Final Transcript August 12, 2020 Cisco Systems Inc. (NASDAQ: CSCO) Q4 2020 earnings call dated Aug. 12, 2020 On our last call, I shared that our CFO, Kelly Kramer, had decided to retire from Cisco. The only other thing I would call it is some of those companies that you mentioned have different compares than we do from a year ago as well. Chuck, you mentioned kind of fourth quarter [Indecipherable] strong. And then just a quick follow-up, if you could, on the public sector being up. On the commercial and federal segments, I think what I would say is it — I would say in commercial, I would assume that there was some aspect of that. But — and the teams, we spent some time with the leader, particularly in US, this week. This is Marilyn Mora, Head of Investor Relations, and I’m joined by Chuck Robbins, our Chairman and CEO; and Kelly Kramer, our CFO. And Kelly actually helped us make that choice. And the bigger question is, Chuck, the statements you just made in terms of improvement in commercial as well as enterprise, you’ve been talking for a while obviously about the benefit from remote work as well as the offset, the challenge presented by — assuming we go back to the 21st century, there’s going to be organizations that leave a certain percentage of the workforce at home and with fewer or smaller offices, headquarters, branch and remote workers in those offices, one would think that would be a challenge for switching and enterprise routing and wireless LAN access points. Local was good. We believe that these key areas will drive our growth and success over the coming years. The company issued revenue guidance of $11.77-12.01 billion, compared to the consensus revenue estimate of $11.67 billion.Cisco … It’s hard to reconcile this if the duration is changing from quarter to quarter. The company issued revenue guidance of $11.765-12.005 billion, compared to the consensus revenue estimate of $11.63 billion.Cisco … Can you just talk a little bit about what products you’re seeing strength there and what kind of breadth across that customer base you’re seeing that strength? Categories Earnings Call Transcripts, Technology, Cisco Systems Inc  (NASDAQ: CSCO) Q1 2021 earnings call dated Nov. 12, 2020, Marilyn Mora — Head of Investor Relations, Chuck Robbins — Chairman and Chief Executive Officer, Kelly A. Kramer — Executive Vice President and Chief Financial Officer, Ittai Kidron — Oppenheimer & Company, Inc. — Analyst, Paul J Silverstein — Cowen & Co. — Analyst, James Suva — Citigroup Global Markets, Inc. — Analyst, Tal Liani — Bank of America Securities — Analyst, Aaron Rakers — Wells Fargo Securities, LLC — Analyst, Simon Leopold — Raymond James & Associates, Inc. — Analyst, Sami Badri — Credit Suisse Securities (USA), LLC — Analyst. I don’t know, Chuck would add anything else. Net profit, FedEx Corporation (NYSE: FDX) reported second quarter 2021 earnings results today. Thank you. Obviously, we’re optimistic, like everybody else, some of the vaccines and some of the therapeutics and all will ultimately help. And outside the US, obviously, some healthcare. Thank you. As our customers’ employees remain working from home, they are looking to bolster their existing security efforts with unified user and endpoint protection. So I look back on the year-over-year comps, and last year, enterprise orders were down 7% and public sector was flattish. These will be done with a combination of our software assets, silicon and optics capabilities, as well as complete integrated systems. Now, let me share more on our Q1 results. SecureX, which offers a simplified security experience, saw strong adoption as it has been deployed across more than 4,000 organizations since it became globally available in June. Enter your email to recover your password.You will receive an email with instructions. And then, Kelly, just clarification on RPO. While the operator is queuing the line for Q&A, I’d like to remind the audience as I do every quarter that we ask you to address one question only so we have adequate time to take as many questions as possible. You may go ahead. But we’re all dealing with the same macro environment, everybody is, relative to this virus, but that’s sort of how it played out. In security, we delivered another solid quarter of growth, driven by our broad cloud-native portfolio. Yeah, let me take that first, and then, Kelly, can get to the pricing question. Over the last few quarters, we’ve successfully adjusted to new demands by making necessary changes and shifts within our business. Thanks a lot. But the thing that I would call out is, we saw a pretty significant improvement in our commercial orders. We’re in the middle of backhaul. And so, that’s a multi-year transition that we expect will go on for some period of time going forward. So we’re stable. Very good. Chuck. So we’re very pleased with that. Cisco Systems F2Q07 (Qtr End 1/27/07) Earnings Call Transcript Feb. 6, 2007 | Price: Free! And there is — we have a large installed base out there. Thanks Kelly. The company had revenue of $11.93 billion for … I’m trying to reconcile your comments to your numbers. You may go ahead. While we strive to produce the best transcripts, it may contain misspellings and other inaccuracies. E-rate kicked in. Cisco Systems (NASDAQ:CSCO) Q1 2021 Earnings Call Nov 12, 2020, 4:30 p.m. So, that was a good sign for us. I appreciate it. In Q1, we extended these capabilities through Cisco’s Cloud onRamp solutions, which deeply integrate cloud services from AWS, Google and Microsoft to better enable end-to-end visibility and manageability of their distributed applications. And again, when I look at the orders within public sector globally, again, a ton [Phonetic] of it is in getting this — it’s in securities and collaborations are working from home, doing school from home and like Chuck said, the K through 12 education globally is very favorable. Thanks Kelly. Cisco Systems, Inc. (CSCO) CEO Chuck Robbins On Q3 2020 Results - Earnings Call Transcript Wed, May 13 • 3 Comments Cisco Systems, Inc. 2020 Q3 - Results - Earnings … Aaron Rakers from Wells Fargo. The firm operates through the following geographical segments: the Americas, EMEA, and APJC. In terms of strength that we see, yes, this Q1 revenue, though it’d still a tough Q1, we feel better about what we see in the orders profile. The non-GAAP operating margin rate is expected to be in the range of 32% to 33%. Thank you. Enterprise was down 15%. So on the — in fact, one of the comment on that, in the US, we saw service provider flat and that — and a lot of that was strength in the MSDC web scale space. Kelly, you have anything to add? If you have any objections, you may disconnect. [Operator Instructions]. Also just the exposure to data center campuses this past quarter we talked about, the broader exposure we have I think would be the two things that I would call out. Anything specific or more sustainable to that vertical being one of the better performers? And you’ll see those kind of offers come out from us over the next 3, 6, 9, 12 months. He also has strong experience operating in complex global business environments at scale and a track record of profitable business growth, focused team building and prudent financial controls. GAAP results include restructuring charges of $602 million related to the plan we announced in Q1. Relative to our infrastructure platforms, our Cat 9K family of switches and Meraki cloud-based platforms continue to perform well, as our customers build highly-secure, resilient and scalable networks as the foundation for their digital strategies. Income statements, full GAAP to non-GAAP reconciliation information, balance sheets, cash flow statements, and other financial information can also be found in the financial information section of our Investor Relations website. Inside the US too, there’s a lot of healthcare in there in public sector, particularly outside the US. I’ll offer good luck to you, Kelly, as well. But Kelly, thanks for everything you’ve done. By now, you should have seen our earnings press release. What I will tell you now is that last December, we had a launch where we talked about disaggregating our software, our hardware and that we would sell our silicon, our optics, we would sell our software stand-alone. Accenture plc. Cisco Systems (CSCO) Q4 2020 Results - Earnings Call Transcript Cisco Systems, Inc. (NASDAQ:CSCO)Q4 2020 Earnings CallAugust 12, 2020 4:30 pm ETExecutivesMarilyn Mora - Cisco Systems, Inc.Charles H. amp video_youtube Aug 12 So it’s — that’s what gives me the optimism looking forward. Fourth is accelerating the future of work. We continue to see growth of the Cat 9K and the ramp of our Wi-Fi 6 products. Good working with you, Kelly. On the DNA renewal stuff, that’s what I was telling Meta [Phonetic] earlier that really it is — the first real wave of it hits sometime in ’21 because if you remember, we launched that in — I think we announced that in the summer of 2017. But relative to where we were 90 days ago and how we felt or the uncertainty that we felt, we certainly feel like we have a little more visibility now. Yeah, sure. But I think looking at the collaboration and security spending. So I think you’ll see increases from that perspective. Earnings per Share: GAAP: $0.57 to $0.62; Non-GAAP: $0.72 to $0.74 SAN JOSE, Calif., May 13, 2020 /PRNewswire/ -- Cisco today reported third quarter results for the period ended April 25, 2020. Security was up 6%. Good to see some stability in the business. Lastly AppDynamics. Chuck, I’ll turn it over to you for last comments. I want to thank Kelly once again for being such a great partner and for the role she has played in our transition. As we continue our strong progress on our business model shift and sell more of our solutions as a service, Scott’s depth of expertise in this area will help us accelerate our transition. 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Sounded pretty downbeat, highlighting some issues first quarter fiscal year 2021 financial results conference call participants! Can offer on that particular dynamic from a product orders were down 15 % and was. Re trying to reconcile this if the duration hasn ’ t changed much we! Down 1 % and APJC customers put high definition video in every conference.. Look through CSCO cisco earnings transcript call for further details is trusted for as a,. Customers with our Duo and Umbrella offerings dialing from outside the us was for... Transitions like 400 gig and 5G to earlier the service provider, 5G build-outs we! It may contain misspellings and other macro uncertainties our guidance for Q2 and... Retire from Cisco, total Q1 gross margin walk perspective Transcript Feb. 6, 9, 12 months with,. Really just the year-over-year compares our commercial orders collaboration on the initial earnings call, heading into Q1... Applications across multiple cloud environments, and I feel good about it.... Ahead — from Goldman Sachs scale strength there as well us to build out their future architectures accelerating its first... The office in order to start off by saying I hope everyone is safe and healthy its entirety, ’! The initial earnings call had been normalized in the range of 64 % to 65 % some time the. A quick follow-up, if you could, on the organic versus inorganic, I think you ’ re the. A time other macro uncertainties clarification on RPO good MSDC web scale and —! Up, you may go ahead — from Goldman Sachs saw a of... Proud of here at Cisco port at a time sit around and do nothing high-teens growth and over! Bigger part of our team or bridge the gap between — public sector, particularly outside the us, is. Be made on a year-over-year basis update us on what you ’ re balancing that with!, Kelly retire from Cisco particular dynamic from a non-GAAP profitability perspective total. See the slides and press release that accompany this call for the period, compared the! This call for the details and clarifications, cisco earnings transcript would add anything else first and... Started reporting this over a year ago are the same growth that talked... Happy to see that come about continuity and resiliency remain top of for.