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CISCO SYSTEMS, INC.

(CSCO)
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Cisco Systems Makes Changes to Reporting Segments

10/20/2021 | 04:05pm EST

By Kimberly Chin

Cisco Systems Inc. said it will change the way it reports its product and service revenue, part of its plans to showcase the strength of its software business.

The company said it will break down its product and service revenue into new categories including Secure, Agile Networks, Hybrid Work, End-to-End Security, Internet for the Future, Optimized Application Experiences, Other Products, and Services.

"This change will better align our product categories with our strategic priorities," Cisco said Wednesday.

It will continue to report its segments based on geographies, it said.

Cisco will also change the way it presents its annual recurring revenue, or ARR, a non-GAAP performance metric that measures the annualized revenue run-rate of active subscriptions, term licenses and maintenance contracts, it said. It will report ARR net of rebates to customers and partners as well as other adjustments. This will go into effect in the fiscal first quarter, it said.

The company discussed these changes at its Investor Day on Sept. 15, it said.

Write to Kimberly Chin at kimberly.chin@wsj.com

(END) Dow Jones Newswires

10-20-21 1805ET

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Financials (USD)
Sales 2022 52 767 M - -
Net income 2022 12 216 M - -
Net cash 2022 18 814 M - -
P/E ratio 2022 18,9x
Yield 2022 2,72%
Capitalization 231 B 231 B -
EV / Sales 2022 4,01x
EV / Sales 2023 3,72x
Nbr of Employees 79 500
Free-Float 99,9%
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Cisco Systems, Inc. Technical Analysis Chart | CSCO | US17275R1023 | MarketScreener
Technical analysis trends CISCO SYSTEMS, INC.
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 29
Last Close Price 54,67 $
Average target price 62,77 $
Spread / Average Target 14,8%
EPS Revisions
Managers and Directors
Charles H. Robbins Chairman & Chief Executive Officer
Richard Scott Herren Chief Financial Officer & Executive VP
Jacqueline Guichelaar Group Chief Information Officer & Senior VP
Roland Acra Chief Technology Officer & Senior Vice President
Maria Martinez Chief Operating Officer & Executive Vice President
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