Summary
Cisco Systems, Inc. (CSCO) filed an 8-K on August 16, 2023, to report its financial results for the fiscal fourth quarter and full fiscal year 2023, ending July 29, 2023. The filing primarily serves to furnish a press release containing these results. Investors should note that the press release includes non-GAAP financial measures alongside GAAP measures. Cisco utilizes these non-GAAP metrics, which exclude items such as share-based compensation, amortization of acquisition-related intangibles, and acquisition/divestiture costs, to provide insights into ongoing operational trends and performance. Management believes this approach offers a more useful view of the business when evaluated in conjunction with GAAP results, aiding in the understanding of financial and business trends. The actual financial figures and forward-looking guidance were presented in the furnished press release (Exhibit 99.1), which is not detailed within this 8-K itself but is referenced as the source of the information. The primary purpose of this 8-K filing is to officially report and provide access to Cisco's latest earnings. While the 8-K document itself does not contain the detailed financial statements or forward-looking guidance, it directs stakeholders to the accompanying press release (Exhibit 99.1). This press release is where investors can find specific figures for revenue, earnings per share (EPS), margins, and management's outlook for future periods, all presented on both GAAP and non-GAAP bases. The company's explanation of its non-GAAP adjustments is extensive, highlighting the specific items management believes should be considered separately for a clearer understanding of core operational performance.
Key Highlights
- 1Cisco Systems (CSCO) announced its Q4 and full fiscal year 2023 results on August 16, 2023, via an 8-K filing.
- 2The filing primarily furnishes a press release (Exhibit 99.1) containing the detailed financial results and outlook.
- 3Cisco reported results for its fiscal fourth quarter and fiscal year ended July 29, 2023.
- 4The press release includes both GAAP and non-GAAP financial measures, with a detailed explanation of the adjustments made.
- 5Key non-GAAP exclusions mentioned include share-based compensation, amortization of acquisition-related intangibles, and acquisition/divestiture costs.
- 6Cisco management uses non-GAAP measures to provide insights into ongoing operational trends alongside GAAP results.
- 7The filing serves as the official notification and access point to the earnings report and forward-looking estimates provided by the company.