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

The main purpose of this 8-K filing is to officially report Cisco Systems' financial results for its fiscal third quarter ended May 1, 2021, by furnishing the accompanying earnings press release (Exhibit 99.1) as required by SEC regulations.

What type of financial data is presented in the accompanying press release?

The accompanying press release presents both Generally Accepted Accounting Principles (GAAP) and non-GAAP financial measures. These non-GAAP measures are adjusted to exclude items such as share-based compensation expense, amortization of acquisition-related intangible assets, acquisition-related/divestiture costs, and other significant non-operational items.

Why does Cisco present non-GAAP financial measures?

Cisco believes that presenting non-GAAP financial measures alongside GAAP measures provides useful information to investors and management. These non-GAAP figures aim to offer insights into the company's ongoing business trends and operational performance by excluding expenses that are not considered reflective of the core, recurring business operations or are non-cash in nature.

Where can I find the specific financial results for Q3 2021?

The specific financial results, including detailed revenue, profit margins, and earnings per share (both GAAP and non-GAAP), as well as any forward-looking estimates, are contained within the press release furnished as Exhibit 99.1 to this 8-K filing.

CSCO 8-K: Earnings & Results

Summary

Cisco Systems, Inc. (CSCO) filed an 8-K on May 19, 2021, to report its fiscal third quarter 2021 results, which ended on May 1, 2021. The filing primarily serves to furnish the press release detailing these results. Investors should note that the press release contains non-GAAP financial measures, which Cisco uses alongside GAAP measures to provide insights into ongoing business trends. These non-GAAP figures exclude items such as share-based compensation, amortization of acquisition-related intangibles, acquisition/divestiture costs, and significant asset impairments or litigation. The company believes these adjustments offer a clearer view of operational performance by removing the impact of events that are not directly tied to the core business operations or are non-cash in nature. The primary purpose of this 8-K is to make the Q3 fiscal year 2021 earnings press release publicly available in compliance with SEC regulations. While the filing itself does not introduce new strategic information or forward-looking guidance beyond what's in the press release, it signifies the official reporting of Cisco's financial performance for the quarter. Investors looking for specific financial figures, such as revenue, earnings per share (both GAAP and non-GAAP), and gross margins, will need to refer to the furnished press release (Exhibit 99.1) for detailed data and management's commentary.

Key Highlights

1Cisco Systems, Inc. reported its fiscal third quarter 2021 results on May 19, 2021.
2The 8-K filing includes a press release detailing the company's financial performance for the quarter ended May 1, 2021.
3The press release contains both GAAP and non-GAAP financial measures.
4Cisco uses non-GAAP measures to provide a view of ongoing business trends, excluding items like share-based compensation and acquisition-related costs.
5The company believes non-GAAP measures, when presented with GAAP, offer useful insights to investors.
6The filing itself does not contain new strategic information but serves to officially release the Q3 earnings data.
7Exhibit 99.1, the press release, is the primary source of detailed financial results and operational commentary.

CISCO SYSTEMS, INC. 8-K Report, Financial Results (May 19, 2021)

Summary

Key Highlights

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