8-KOther Events

CISCO SYSTEMS, INC. 8-K Report (May 6, 2003)

Filed May 6, 2003For Securities:CSCO

Summary

Cisco Systems, Inc. (CSCO) filed a Form 8-K on May 6, 2003, to report its financial results for the third fiscal quarter ended April 26, 2003. The report primarily contains a press release (Exhibit 99.1) detailing these results, furnished under Regulation FD. Investors should note that the information provided is for disclosure purposes and is not deemed "filed" under the Securities Exchange Act of 1934, meaning it does not carry the same legal liabilities as filed documents. The company also provided pro forma net income and earnings per share figures alongside GAAP results. Cisco's management indicated that these pro forma measures are used internally for evaluating financial trends and for budget planning, offering additional insight beyond standard GAAP reporting. Investors should carefully review both GAAP and pro forma figures to gain a comprehensive understanding of Cisco's performance during the quarter.

Key Highlights

  • 1Cisco Systems reported its third fiscal quarter (ended April 26, 2003) financial results via an 8-K filing on May 6, 2003.
  • 2The filing's primary content is a press release (Exhibit 99.1) containing the quarter's operational results.
  • 3Information was furnished under Regulation FD, indicating public disclosure of material information.
  • 4The press release includes both Generally Accepted Accounting Principles (GAAP) financial results and pro forma measures.
  • 5Cisco highlighted pro forma net income and pro forma net income per share as supplementary information.
  • 6Management utilizes these pro forma measures for internal analysis of financial trends and budget planning.
  • 7The disclosed information is not considered "filed" under Section 18 of the Securities Exchange Act of 1934, and therefore does not subject the company to liabilities under that section.

Frequently Asked Questions

The main purpose of this 8-K filing is to publicly disclose Cisco Systems' financial results for its third fiscal quarter ended April 26, 2003, as required by Regulation FD. It primarily serves to provide investors with the company's performance data for the period.

Cisco is reporting its financial results in accordance with Generally Accepted Accounting Principles (GAAP). Additionally, the company is providing pro forma net income and pro forma net income per share as supplemental information to offer further insight into its financial performance and business trends.

No, the information in this filing, including the press release, is furnished and not deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934. This means it is not subject to the liabilities associated with that section, though it is intended for public disclosure.

Cisco's management believes that the pro forma net income and pro forma net income per share provide useful information to management and investors regarding certain additional financial and business trends. These measures are also used internally for reviewing financial results and for budget planning purposes.