We will always strive to be transparent about what we’re seeing and hearing from customers and we we will always err on the conservative side. This is what our shareholders expect -and it’s what we’ve communicated in our Q109 earnings call today. You can see our Q109 earnings press release here.Last quarter, we released a video of our CFO, Frank Calderoni, discussing the quarter. We were told this was useful, so are continuing it this quarter.For a replay of the Q109 earnings call, please visit our Investor Relations website.EVP and CFO Frank Calderoni
We thought it would be useful for interested parties to hear directly from our Chairman and CEO John Chambers about what Cisco is doing in these challenging economic times. He talks about, in part, that while we will undertake appropriate expense management initiatives in the current environment, we will also make some calculated investments into areas where we believe we can accelerate development and Cisco’s leadership.To listen to a replay of our Q109 earnings call, please visit our Investor Relations website.Chairman and CEO John Chambers
Our earnings conference call is on Wednesday, November 5, 2008 at 1:30 PM PT where we’ll announce our first quarter fiscal year 2009 financial results. The quarter ended Friday, October 24. We’ll issue our financial results press release over Marketwire, as well as the European Business and Technical Wire after the close of the market on Wednesday. You can watch and listen to our live audio broadcast of the conference call with corresponding slides at www.cisco.com/go/investors. (This is also where it will be available for replay.)This quarter, we have also decoupled our Q109 Technology and Customer Highlights from our earnings press release and issued it today. In this document, you can see some of our theatre highlights, milestones and select product announcements.
Cisco has a long history of responsible business practices and efforts to reduce its impact on the environment. We recently took our commitments to the next level and pledged to reduce our greenhouse gas emissions 25% in absolute terms by 2012. This is a very aggressive goal. In addition to making changes to our operations to achieve it, we are using collaboration technologies to reduce employee travel, deploying intelligent networking tools to help measure, monitor and manage our energy consumption, and improving the efficiencies of our products. InformationWeek reports on some of these efforts (and kudos) here.While our work on products is focused on “powering down,” we’re “powering up” our operations by purchasing green power. This past Monday, Cisco was one of only five organizations nationwide to be chosen by the U.S. Environmental Protection Agency as a Green Power Partner of the Year. The award recognizes EPA Green Power Partners who distinguish themselves through their purchase, leadership, overall strategy, and impact on the green power market. The EPA states that Cisco and Intel’s (co-award winner!) “combined commitment avoids emissions equivalent to 220,000 cars on the road per year.”Cisco is currently purchasing more than 385 million kilowatt-hours (kWh) of green power annually, 44 percent of our total purchased electricity use. That’s alota wattas! We are buying a combination of utility green power products and renewable energy certificates (RECs) from Austin Energy, Silicon Valley Power/3Degrees, Sterling Planet, and TXU Energy. Through this combination, Cisco is able to further reduce its impact on the environment. Read More »
Last month I wrote about a study that we commissioned, which examined data loss in relation to employees worldwide. We’ve been sharing our findings in chapters, via IPTV, and today we’ll discuss chapter two.In this latest installment, we’re focusing on the effectiveness of corporate security policies and employees’ rationale when breaking them. It’s pretty interesting stuff when you look beneath the surface. One issue seems to be dueling perceptions between IT and employees. For instance, while 80 percent of IT professionals say they have a corporate security policy in place, only 50 percent of employees know about it. Read More »