Cisco 2015 Annual Report Download - page 138

Forward-Looking Statements
This Annual Report contains forward-looking statements regarding future events and our future results that are
subject to the safe harbors created under the Securities Act of 1933 and the Securities Exchange Act of 1934,
each as amended. These statements are based on current expectations, estimates, forecasts, and projections about
the industries in which we operate and the beliefs and assumptions of our management. Words such as “expects,”
“anticipates,” “targets,” “goals,” “projects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “continues,”
“endeavors,” “strives,” “may,” variations of such words, and similar expressions are intended to identify such
forward-looking statements. In addition, statements that refer to the following are forward-looking statements:
our future business opportunities and business performance goals as exceeding those of our past; our ability to
lead market transitions; network-based solutions, with Cisco as the provider, as being solely able to deliver the
highly-secure, hyper-distributed, and intelligent infrastructure and solutions required in today’s highly-dynamic
digital world; the importance of the network and an architectural approach as the basis for developing successful
security solutions, and no provider being better positioned than Cisco in the security market given its focus on
network-based solutions; our architectural approach as delivering value greater than the sum of the parts and
enabling us to outperform our competitors and gain wallet and market share; the connection between our
portfolio of cloud offerings and the IT consumption model of the future, and our ability to replicate our cloud
offering approach across our entire product portfolio and thereby to both enable customers to accelerate their
digitization journey and to differentiate our leadership in the Internet of Everything; our acquisition strategy of
buy, build, partner and invest, and the degree to which that strategy will help us capitalize on market transitions
and maintain leadership in our current business areas; increasing the percentage of software and subscription-
related revenue within our overall sales mix; the intelligent network as being at the center of every market
transition and our leadership in markets related to the network; our efforts to establish an unbeatable position in
the market and the possibility of our achieving our aim of becoming the number one IT company; and other
characterizations of future events or circumstances. Readers are cautioned that these forward-looking statements
are only predictions and may differ materially from actual future events or results due to a variety of factors,
including: business and economic conditions and growth trends in the networking industry, our customer markets
and various geographic regions; global economic conditions and uncertainties in the geopolitical environment;
overall information technology spending; the growth and evolution of the Internet and levels of capital spending
on Internet-based systems; variations in customer demand for products and services, including sales to the
service provider market and other customer markets; the return on our investments in certain priorities and in
certain geographical locations; the timing of orders and manufacturing and customer lead times; changes in
customer order patterns or customer mix; insufficient, excess or obsolete inventory; variability of component
costs; variations in sales channels, product costs or mix of products sold; our ability to successfully acquire
businesses and technologies and to successfully integrate and operate these acquired businesses and technologies;
our ability to achieve expected benefits of our partnerships; increased competition in our product and service
markets, including the data center; dependence on the introduction and market acceptance of new product
offerings and standards; rapid technological and market change; manufacturing and sourcing risks; product
defects and returns; litigation involving patents, intellectual property, antitrust, shareholder and other matters,
and governmental investigations; natural catastrophic events; a pandemic or epidemic; our ability to achieve the
benefits anticipated from our investments in sales, engineering, service, marketing and manufacturing activities;
our ability to recruit and retain key personnel; our ability to manage financial risk, and to manage expenses
during economic downturns; risks related to the global nature of our operations, including our operations in
emerging markets; currency fluctuations and other international factors; changes in provision for income taxes,
including changes in tax laws and regulations or adverse outcomes resulting from examinations of our income
tax returns; potential volatility in operating results; and other factors listed in Cisco’s most recent report on Form
10-K contained in this Annual Report. Our results of operations for the year ended July 25, 2015 are not
necessarily indicative of our operating results for any future periods. We undertake no obligation to revise or
update any forward-looking statements for any reason.