We significantly reduce non-GAAP operating expenses to $294 million, down $20 million quarter-over-quarter, due to savings associated with our restructuring plans and proactive expense management.

Jan 25, 2023 / receipt, needs a key / Gianluca Romano, CFO | earnings call 2023-01-25 | transcript 338e40cc-24af-41cf-8d17-11254966defe | chars 15165-15361 | segment 15

Non-GAAP operating expenses were at $314 million, down $35 million quarter over quarter, due to lower variable compensation and proactive expense management which included strong controls over discretionary spending and a pause in hiring.

Oct 26, 2022 / receipt, needs a key / Gianluca Romano, CFO | earnings call 2022-10-26 | transcript 07030618-6b2e-4ff1-b6e3-5ff285c95af7 | chars 16013-16251 | segment 16

We estimate OPEX will move slightly higher in the June quarter due to an increase in business travel and sales and marketing activities.

Apr 27, 2022 / receipt, needs a key / Gianluca, CFO | earnings call 2022-04-27 | transcript f0b10ad4-5745-44b5-901a-cebb42c97185 | chars 13624-13760 | segment 13

We expect OPEX to be somewhat higher in the March quarter due to an increase in R&D expenses and business travel.

Jan 26, 2022 / receipt, needs a key / Gianluca Romano, CFO | earnings call 2022-01-26 | transcript 0573c088-3cdd-4d99-a0f5-8662d8333bdb | chars 14071-14184 | segment 14

I would assume you will see an uptick in travel and labor costs, but perhaps a decline in some COVID safety costs.

Jan 26, 2022 / receipt, needs a key / Jeff Brand, other | earnings call 2022-01-26 | transcript 0573c088-3cdd-4d99-a0f5-8662d8333bdb | chars 41705-41819 | segment 43

We were not expecting the resurgence of the COVID situation, so our travel was kind of limited again in the December quarter.

Jan 26, 2022 / receipt, needs a key / John Luca, other | earnings call 2022-01-26 | transcript 0573c088-3cdd-4d99-a0f5-8662d8333bdb | chars 41993-42118 | segment 43

You know, we are now start traveling more. There are a little bit more marketing expenses.

Jul 21, 2021 / receipt, needs a key / Gianluca De Michelis, other | earnings call 2021-07-21 | transcript 71fe5c4a-e08d-4ba9-8654-81d944a4d720 | chars 46579-46669 | segment 47

Looking ahead, we expect operating expenses to be a bit higher in the June quarter as we gradually resume normal on-site business activities and travel.

Apr 22, 2021 / receipt, needs a key / Gianluca, CFO | earnings call 2021-04-22 | transcript 0c9e4989-88a1-447f-8803-f73becf7b7e6 | chars 14848-15000 | segment 14

Non-GAAP operating expenses were $340 million, down 3% sequentially and slightly below our prior estimates, reflecting lower travel and other business expenses following the COVID-19 outbreak.

Apr 22, 2020 / receipt, needs a key / Gianluca, CFO | earnings call 2020-04-22 | transcript ec014b12-ab5c-40ef-bc41-d524873ab4d7 | chars 15958-16150 | segment 15

Prat S. Bhatt Former Chief Accounting Officer Cisco Systems, Inc. Age: 59 Director since: 2020

filing / Sep 8, 2026 / receipt

William D. Mosley Chairman and Chief Executive Officer

filing / Sep 8, 2026 / receipt

Gianluca Romano Executive Vice President and Chief Financial Officer

filing / Sep 8, 2026 / receipt

John C. Morris Executive Vice President, Chief Technology Officer

filing / Sep 8, 2026 / receipt

Reducing number of platforms

ir_statement / Sep 16, 2026 / receipt

Reducing unit cost by 10% - 15%

ir_statement / Sep 16, 2026 / receipt

Accelerated Mix Shift to Higher Capacity Drives Optimized Cost Structure

ir_statement / Sep 16, 2026 / receipt

By right sizing company and streamlining R&D

ir_statement / Sep 16, 2026 / receipt

Targeting ~10% of revenue over time

ir_statement / Sep 16, 2026 / receipt

We Are Driving OPEX and CAPEX Efficiency

ir_statement / Sep 16, 2026 / receipt