Cisco's historical financial statements confirm -$809 million discrepancy in security sales

According to Cisco's historical financial statements, Q2'FY12 security sales were actually down -6.96% year-over-year, not up +24% as shown in its new statements.

Wed, 2/8/12 - 11:59pm    View comments

Earlier today, Cisco bragged (page 4) that its Q2'FY12 security sales were up +24% year-over-year!
 

But according to Cisco's own historical financial statements, Cisco's Q2'FY12 security sales were actually down -6.96% year-over-year!

Cisco's Historical FY10 Financial Statements
 

Cisco's New FY10 Financial Statements
 

The -24.43% (i.e. -$809 million) descrepancy between the historical and new FY10 + FY11 Cisco security product sales reporting most certainly can't be attributed to a "rounding error."

Cisco's security quarterly product sales in millions
(under both Cisco's historical and new sales reporting categories)

Where did the -$809 million discrepancy go?

Note: Cisco did not respond to my repeated requests for clarification, nor did Cisco clarify the -$809 million discrepancy in its Q2'FY12 earnings call nor its Q1'FY12 earnings call.
 

Related stories:

Unconfirmed rumor Cisco offered $2.5 billion to buy Palo Alto Networks and was turned down

Cisco's Q2'FY12 switching, routing, collaboration revenues and product gross margin sequentially declined

Why did Cisco deflate its FY11 security product sales by -$382 million?
 

What's your take?

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