http://www.morningstar.com/earnings/19007502-cisco-systems-inc-csco-q1-2011.aspx

Cisco Systems Inc CSCO
Q1 2011 Earnings Call Transcript

Transcript Call Date 11/10/2010

Operator: Welcome to Cisco Systems' First Quarter Fiscal Year 2011 Financial Results Conference Call. At the request of Cisco Systems, today's conference is being recorded. If you have any objections, you may disconnect.

Now, I'll like to introduce Ms. Blair Christie, Senior Vice President of Global Corporate Communications for Cisco Systems. Ma'am, you may begin.

Blair Christie - SVP, Corporate Communications: Thanks, Kim. Good afternoon, everyone, and welcome to our 83rd quarterly conference call. I'm Blair Christie and I am joined by John Chambers, our Chairman and CEO; Frank Calderoni, Executive Vice President and Chief Financial Officer; Rob Lloyd, Executive Vice President of Worldwide Operations; Ned Hooper, Chief Strategy Officer and Senior Vice President of Consumer Business; and Padmasree Warrior, Chief Technology Officer and Senior Vice President of our Enterprise Business.

The Q1 fiscal year 2011 press release is on U.S. High Tech Marketwire and on Cisco's website at newsroom.cisco.com. I would like to remind you that we have a corresponding webcast with slides. In those slides, you will find financial information that we cover during this conference call as well as additional financial metrics and analysis that you might find helpful. Additionally, downloadable Q1 financial statements will be available following the call, including revenue by geographic segments as well as product categories.

Income statements, full GAAP to non-GAAP reconciliation information, balance sheets and cash flow statements can be found on our website in the Investor Relations section. Just click on the Financial Reporting section of the website to access the slides and those documents.

A replay of this call will be available via telephone from November 10 through November 17 at 866-357-4205 or 203-369-0122 for international callers. A webcast replay is available from November 10 through January 21 on Cisco's Investor Relations website.

Throughout this conference call, we will be referencing both GAAP and non-GAAP financial results. The financial results in the press release are unaudited.

The matters we will be discussing today include forward-looking statements, and as such, are subject to the risks and uncertainties that we discuss in detail in our documents filed with the SEC, specifically the most recent annual report on Form 10-K and any applicable amendments which identify important risk factors that could cause actual results to differ materially from those contained in the forward-looking statements. Unauthorized recording of this conference call is not permitted.

As we typically do when we begin a fiscal year, we've made certain reporting changes and enhancements that are reflected in the financial results we will be discussing today. First, in Q1, we consolidated our Asia Pacific and Japan operations in order to achieve operational efficiencies in our business. As a result of this operational change, we now have the following four geographic segments; United States and Canada, European markets, emerging markets and Asia Pacific markets. Asia Pacific markets now include the prior Asia Pacific and Japan segment. As a reminder, the geographies are the primary way we manage our operations.

Read our Earnings Call Transcript disclaimer.
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