8-KEarnings & Results

CISCO SYSTEMS, INC. 8-K Report, Financial Results (Feb 8, 2005)

Filed February 8, 2005For Securities:CSCO

Summary

Cisco Systems, Inc. (CSCO) filed a Form 8-K on February 8, 2005, to report its financial results for the second fiscal quarter ended January 29, 2005. The report primarily serves to furnish a press release detailing these results. Investors should note that while Cisco reports its financial performance according to Generally Accepted Accounting Principles (GAAP), it also provides pro forma net income and pro forma net income per share. Cisco states that these non-GAAP measures are used internally for management review and are believed to offer investors a more meaningful understanding of the company's ongoing operational performance when considered alongside GAAP figures. The key takeaway for investors from this filing is that Cisco is adhering to its practice of providing both GAAP and pro forma financial information. This allows for a more comprehensive view of the company's performance by isolating operational trends and excluding items that may not reflect the core business's day-to-day activity. Investors should carefully review both sets of figures to fully assess Cisco's financial health and operational efficiency.

Key Highlights

  • 1Filing reports Cisco's financial results for the fiscal second quarter ended January 29, 2005.
  • 2Includes a press release (Exhibit 99.1) detailing the company's quarterly performance.
  • 3Cisco reports financial results in accordance with GAAP.
  • 4The company also provides pro forma net income and pro forma net income per share.
  • 5Cisco believes pro forma measures offer additional insight into operating results and business trends.
  • 6Management uses pro forma figures for reviewing financial results.
  • 7Information provided is not deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934, nor subject to liabilities under Sections 11 and 12(a)(2) of the Securities Act of 1933, as is standard for 8-K furnishing of earnings releases.

Frequently Asked Questions

The main purpose of this Form 8-K filing is to officially report Cisco Systems, Inc.'s financial results for its second fiscal quarter ended January 29, 2005, by furnishing the press release that contains these results.

No, Cisco reports its earnings in accordance with Generally Accepted Accounting Principles (GAAP) but also provides pro forma net income and pro forma net income per share as supplementary information. The company believes these pro forma measures offer investors a more meaningful understanding of its ongoing operational performance.

Investors should view the pro forma financial information in conjunction with the GAAP figures. Cisco states that pro forma measures are not a substitute for GAAP and are used by management to understand financial and business trends. They are intended to provide additional insight into the company's operating results.

The statement indicates that, for legal purposes under certain securities laws (like Section 18 of the Exchange Act), the information furnished in this 8-K, including the press release, is not considered 'filed' with the SEC. This generally means the company has limited liability for any forward-looking statements or misrepresentations within that furnished information under those specific sections of law, though it still provides important disclosure to the market.