What is the main purpose of this 8-K filing?

The main purpose of this 8-K filing is to officially report Cisco Systems, Inc.'s financial results for its fiscal second quarter ended January 23, 2021, by furnishing the accompanying press release.

Are the non-GAAP measures presented in this filing official financial results?

While Cisco believes its non-GAAP measures are useful for investors, they are not prepared in accordance with GAAP and may differ from non-GAAP measures used by other companies. Cisco emphasizes that these non-GAAP measures should be used in conjunction with the corresponding GAAP measures for a complete understanding of its financial condition and results of operations.

Where can I find the actual financial performance numbers for the quarter?

The detailed financial performance numbers, including revenue, earnings per share, and margins for the fiscal second quarter, are contained within the press release that is furnished as Exhibit 99.1 to this 8-K filing.

CSCO 8-K: Earnings & Results

Q: What are non-GAAP financial measures and why does Cisco use them?

Non-GAAP financial measures are financial metrics that exclude certain items from the standard GAAP (Generally Accepted Accounting Principles) calculations. Cisco uses them, such as excluding share-based compensation expense and amortization of acquisition-related intangible assets, because it believes they provide a more useful perspective to investors and management on the underlying trends and ongoing operational performance of the business, separate from the impact of these specific excluded items.

Summary

Cisco Systems, Inc. (CSCO) filed an 8-K on February 9, 2021, reporting its financial results for the fiscal second quarter ended January 23, 2021. The primary purpose of this filing is to furnish the associated press release, which details the company's operational and financial performance. Investors should note that Cisco provides both GAAP and non-GAAP financial measures, with the latter excluding items such as share-based compensation expense, amortization of acquisition-related intangible assets, and acquisition-related costs, among others. The company believes these non-GAAP measures offer a clearer view of underlying business trends and operational results, although they are not a substitute for GAAP figures. The furnished press release likely contains specific figures for revenue, earnings per share (EPS), and gross margins for the quarter. It may also provide forward-looking guidance on key financial metrics for the upcoming quarter or fiscal year. Investors should pay close attention to these figures and Cisco's commentary on their performance, as well as any provided outlook, to understand the company's current trajectory and future expectations within the technology sector.

Key Highlights

1Cisco Systems, Inc. reported its fiscal second quarter 2021 results on February 9, 2021.
2The 8-K filing primarily serves to furnish the press release containing the detailed financial results.
3Cisco provides both GAAP and non-GAAP financial measures to investors.
4Non-GAAP measures exclude items such as share-based compensation, amortization of acquisition-related intangibles, and acquisition/divestiture costs.
5The company believes non-GAAP measures offer useful insights into underlying business trends and operational results when viewed alongside GAAP measures.
6The press release likely includes specific financial performance data for the quarter and may provide future financial guidance.
7Investors are advised to consider both GAAP and non-GAAP figures for a comprehensive understanding of Cisco's financial condition.

CISCO SYSTEMS, INC. 8-K Report, Financial Results (Feb 9, 2021)

Summary

Key Highlights

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