Summary
This 8-K filing from Cisco Systems, Inc. (CSCO) on November 5, 2003, reports the company's financial results for its fiscal first quarter ended October 25, 2003. The filing primarily serves to furnish the press release detailing these results as an exhibit. Investors should note that while the report adheres to GAAP, Cisco also provides pro forma net income and pro forma net income per share. The company states that management believes these non-GAAP measures offer valuable insights into financial and business trends and are used for internal reviews and budget planning. However, these pro forma figures are not a substitute for GAAP and may differ from those presented by other companies.
Key Highlights
- 1Cisco Systems reported its fiscal first quarter 2004 results for the period ending October 25, 2003.
- 2The report is primarily a notification that a press release detailing the financial results is being furnished.
- 3The press release, filed as Exhibit 99.1, contains the detailed financial results for the quarter.
- 4Cisco presented results under both Generally Accepted Accounting Principles (GAAP) and pro forma measures.
- 5The company highlighted its use of pro forma net income and pro forma net income per share for management and investor analysis.
- 6Cisco explicitly stated that its pro forma measures are not in accordance with GAAP and may vary from other companies' definitions.
- 7The Chief Financial Officer, Dennis D. Powell, signed the report, indicating CFO oversight.
Frequently Asked Questions
The main purpose of this 8-K filing is to report Cisco Systems, Inc.'s financial results for its fiscal first quarter ended October 25, 2003, by furnishing the official press release containing these results as an exhibit.
Pro forma results are financial figures presented by Cisco that are not strictly in accordance with Generally Accepted Accounting Principles (GAAP). Cisco reports them because management believes these measures provide useful additional information about financial and business trends and are used for internal reviews and planning. However, investors should be aware these are non-GAAP metrics and may not be comparable to other companies' pro forma reporting.
The detailed financial performance for the fiscal first quarter ended October 25, 2003, is located in the press release furnished as Exhibit 99.1 to this 8-K filing.
The filing states that the information contained in the report and the accompanying exhibit shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 or subject to the liabilities of that section, nor Sections 11 and 12(a)(2) of the Securities Act of 1933, unless expressly incorporated by specific reference.