Subscribe to Bloggers speak out on BradReese.Com

Discrepancies found in Cisco's Q1'FY13 vs. Q1'FY12 net product sales

Cisco appears to be taking "questionable liberties" in the preparation of its quarterly Form 10-Q financial statements.

Hershey, PA:   Tue, 11/20/12 - 11:59pm    View comments

I've been updating a spreadsheet that details Cisco's historical quarterly net product sales.

So I was quite surprised by the discrepancies found in Cisco's Q1'FY13 vs. Q1'FY12 net product sales. In my opinion, Cisco appears to be taking "questionable liberties" in the preparation of its quarterly Form 10-Q financial statements:

Cisco's Q1'FY13 Form 10-Q Financial Statement (page 51)

Source: U.S. Securities and Exchange Commission
 

Cisco's Q1'FY12 Form 10-Q Financial Statement (page 45)

Source: U.S. Securities and Exchange Commission
 

Discrepancies found in Cisco's Q1'FY13 vs. Q1'FY12 net product sales

Note: Emailed a request for explanation to 10 of Cisco's top Public Relations and Investor Relations executives and received absolutely no response!

Related story:

Cisco's Q1'FY13 switching, routing, collaboration and other revenue declined year-over-year (YOY)
 

What's your take?

Subscribe to Bloggers speak out on BradReese.Com

1. Cisco's Q1'FY13 switching, routing, collaboration and other revenue declined year-over-year (YOY)
2. An open letter to Cisco CEO John Chambers got results
3. Former Cisco RTP employee and CCIE Voice #13747, Brad Cooper, appeals first degree murder conviction
4. Cisco's Odd Johnny is out!
5. Cisco internal email vows to hunt down the sources of confidential memo leaks to Brad Reese
6. Cisco's salesforce is now compensated on profit contributions, not just bookings
7. New book on NetFlow and IPFIX - Mike Patterson
8. Cisco internal email addresses $100 million overcharge on $22 million California State University RFP
9. ZTE USA workshop targets the $5 billion secondary Cisco market generated by the elite members of UNEDA
10. Cisco's lead smart guy and rock star, David Meyer, jumps ship for Brocade
11. Imminent death of VCE will be no surprise to Wall Street
12. Voting for Cisco shareholder proposal No. 5 will oust John Chambers as Cisco's Chairman
13. Is Cisco behind the U.S. Congressional attack on Huawei and ZTE?
14. Have Cisco's councils and boards morphed into a bloated structure of 2-in-the box?
15. Cisco Cat6k Sup2T is the premier NetFlow switch with amazing performance - Mike Patterson
16. Padmasree Warrior declares her aspiration to become Cisco CEO
17. Single-handedly, fierce Cisco competitor Arista Networks appears to have delayed Cisco's SDN initiative
18. Meet Cisco's CEO for the next 4-years
19. Cisco CEO John Chambers' whack-a-mole successor contestants
20. View the archive of Bloggers speak out on BradReese.Com