思科Cisco Systems Inc. (CSCO) 2012年年度报告「NASDAQ」.pdf

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1、Cisco Systems,Inc.2012 Annual Report Cisco Systems,Inc.1Annual Report 2012Letter to ShareholdersTo Our Shareholders,Reflecting on fiscal 2012,it was a year in which Cisco struck a balance between staying the course where appropriate,adjusting when needed,and continuing to reinvent ourselves.And what

2、 we are most proud of is that we did what we said we would dowe delivered for our shareholders,customers,and partners.There are a number of key takeaways from fiscal 2012.Cisco grew earnings per share at more than twice the pace of revenue for the fiscal year.We also positioned ourselves for the fut

3、ure in terms of product innovation and gaining market share across most of our categories,including those in which we were already leading.Additionally,we were able to pull away from many of our competitors by delivering unique value to customers and partners,for which we achieved exceptional custom

4、er and partner satisfaction levels.And we significantly improved shareholder value.Despite the macroeconomic challenges,including uncertainty in the European market and lackluster global public spending,that impacted many in our industry,fiscal 2012 was a very solid year for Cisco.During the fiscal

5、year,we continued our focus on Ciscos transformation,an effort we began in the second half of fiscal 2011.We invested in the things that were working,realigned resources to support key opportunities,evolved our leadership,and strengthened our operational discipline.We exited the fiscal year at a low

6、er expense run-rate than we were operating under at the start of the year.We are pleased with our progress to date,and we remain focused on creating greater value for our customers,partners,employeesand for you,our shareholders.THE RIGHT VISION AND STRATEGY Our vision and strategyto become our custo