Networks are becoming an essential part of life's experiences, helping to connect people in business, education, government, and the home.
Products and Services
Founded in 1984, Cisco has led in the innovation of Internet Protocol (IP)-based networking technologies. This tradition continues with the development of routing and switching and numerous advanced technologies:
Cisco and its valued partners sell Cisco hardware, software, and services to businesses of all sizes, governments, service providers, and consumers.
An integral part of Cisco's business strategy is strong corporate citizenship. Responsible business practices help ensure accountability, business sustainability, and commitment to environmentally conscious operations and products. Social investments built upon partnerships with local organizations positively impact recipient communities around the world. As an expression of our company values and beliefs, these activities are designed to build trust in our company, empower our employees, and benefit the global community.
Our Global Operations
Cisco conducts business worldwide, with field sales offices in more than 70 countries. Our business is managed in five distinct theaters:
Our largest market is the United States and Canada, with slightly more than half net product sales in FY2006. This is followed by European Markets, Asia Pacific, Emerging Markets, and Japan. For FY2006, we reorganized our sales theaters and added the Emerging Markets theater in order to take advantage of the growth potential of these countries. This theater's product revenue grew 38 percent year over year. We experienced product revenue growth in our four largest geographies and worldwide growth of 14.7 percent on an annual basis.
Our Global Workforce
As of the end of our fiscal year, Cisco employed a total of 41,163 people worldwide (excluding Scientific Atlanta and Linksys): 69 percent of our employees were based in the United States and Canada, 14 percent in Europe, 11 percent in Asia Pacific, 4 percent in Emerging Markets, and 2 percent in Japan.
Key Financial Data1
FY2006 Net Sales by Theater1
1Represents Cisco's consolidated financial data.
2 Net income for FY2006 included stock-based compensation expense under SFAS 123(R) of $836 million, net of tax. See Note 1 in the 2006 Annual Report, Selected Financial Data.