I would say on the campus refresh. Cisco will not comment on its financial guidance during the quarter unless it is done through an explicit public disclosure. In terms of strength that we see, yes, this Q1 revenue, though we beat what was still a tough Q1, we feel better about what we see in the orders profile. Any insight you can offer on that particular dynamic from a longer-term perspective? Rev will let you know when your meeting transcription files are ready for download, usually within 24 hours. Thank you. Q. When you’re preparing for a study experience abroad, whether as an exchange student for a semester or two, or for completing a full Bachelor’s or Master’s degree, you need to go through an extensive ‘paperwork’ process.The transcript of records is one of those important documents you’ll have to take care of and make sure the information is properly filled in. The employer might ask you to send an electronically verified copy of the transcript (through a service like the National Student Clearinghouse in the U.S.) The employer might call the university and ask them to confirm particular information (e.g. This would not be officially qualified, but if the system meets the pre-requisites it might work fine. We continue to transform our business, delivering more software offerings and driving more subscriptions. If you pause, your video will all be saved to one file. Yes. How often do jobs ask for transcripts when adding a new hire? Some attendees may just want to read notes. Cisco Systems, Inc. Common Stock (CSCO) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. Find line by line tax information, including prior-year adjusted gross income (AGI) and IRA contributions, tax account transactions or get a non-filing letter. Now I want to share more on our CFO transition. So that gives us a fair amount of optimism. So I think what I would say is that we'll be looking at more and more of our technology being delivered from the cloud and as a service. And the bigger question is, Chuck, to the statement you just made in terms of improvement in Commercial as well as Enterprise, you've been talking for a while, obviously, about the benefit of remote work as well as the offset the challenge presented by, assuming we go back to the 21st century, there's going to be organizations that leave a certain percentage of their workforce at home. Tal Liani from Bank of America, you may go ahead, sir. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. SecureX, which offers a simplified security experience, saw strong adoption as it has been deployed across more than 4,000 organizations since it became globally available in June. As I mentioned earlier, we saw encouraging signs of improvement in certain areas of our business. Our customers are also increasingly running applications across multiple cloud environments, and this requires next-generation architectures with automation, security and insights. And we're just — I mean that's kind of what is driving it. Kelly, do you have anything to add? And so you'll see us with a similar offer. So it is — and it is math to some extent, but I think that some of the things that we talked about earlier are the things that are giving us — I mean it's hard to say super optimistic because the numbers still aren't where we want them to be. They may have the same names! From a capital allocation perspective, we returned $2.3 billion to shareholders during the quarter that was comprised of $0.8 billion of share repurchases and $1.5 billion for our quarterly dividend. Unlike traditional closed captions and…. So on the enterprise side, I'm not too concerned about it, honestly. So like, what are your updated thoughts? Finally, Webex calls may soon include AI-powered captions that show text on-screen during a live meeting. Our world-class security team recently delivered new innovations, including Extended Detection and Response, Zero Trust and Secure Access Services Edge. Going forward, we are focused on building innovation that helps our customers and Cisco thrive in a hybrid cloud world. But we'll use a combination. Total revenue was $11.9 billion, down 9% year over year. But Scott — I think it's great that Scott is coming. Hi, i configured enable password on my cisco switch, while logging into the switch is not asking and it goes to the # mode directly. On the D&A renewal stuff, that's what I was talking about earlier, that it's really — the first real wave of it hits sometime in '21 because, if you remember, we launched that in — I think we announced that in the summer of 2017, Kelly, is that right? Regardless of whether you request your transcript online or in person, you must process your transcript order early, well before the admissions deadline. Is this something that can consistently be growing from a product orders and strength perspective in at least the upcoming quarters? All comparisons made throughout this call will be on a year-over-year basis. is this happen to anyone else? So what I kind of was hopeful was going to happen, which I think we did see this, is that we had customers who are super focused on getting their employees working from home productively and getting their security set up. So I think it's — the short answer, Rod, is that it's largely a couple of big deals a year ago. Thank you. We expect revenue to be in the range of flat to minus 2% year over year. Q. The future of work will be a hybrid model, with employees both in the office and at home, and we are leading in this area. Yes. Meeting Transcripts Meeting transcripts. Q. Welcome to Cisco's first quarter fiscal year 2021 financial results conference call. As we think about the next few years, there are six key areas we are focused on. With respect to guidance, please also see the slides and press release that accompany this call for further details. Ittai Kidron -- Oppenheimer and Company -- Analyst. Aside from advising students, I volunteer with Berkeley and UCLA on high school outreach for in-state freshman admissions (I receive training on admission requirements and attend college fairs to promote the schools). However, you do need to understand the basics of getting transcripts for colleges so that this vital step in the application process goes smoothly. Operating cash flow was $4.1 billion, up 14%. What are you guys hearing about timing for 5G core spending in terms of materiality now that the first mid-band spectrum auction is through and the second is coming up? And I would say the core stand-alone build-outs are going to largely be dependent upon the enterprise service delivery that we've talked about historically, and I still think that's probably — I think we're starting to see some early stuff going on around the world. It also doesn’t solve the problem for those who want to look back on a meeting without watching the entire recording. Yes. But again, there's a lot of variables that can move that either way. Moving to our Collaboration portfolio. On the enterprise front, I think the real thing that I would point out is there are just a couple of significant transactions. I guess just a couple of things for me. So yes, I mean the orders versus revenue, I mean, it's really just timing of when things are and whatnot. It's hard to reconcile this if the duration is changing from quarter to quarter. The total cost of a transcript varies and is determined by several factors: Fee the school charges for the transcript itself Surcharge for expediting transcript delivery (e.g., electronic delivery, overnight delivery, rush processing, etc And I would say you're going to continue to see software and services tick up as a percentage of our overall business going forward. Infrastructure Platforms was down 16%. So I think you'll see increases from that perspective. Cisco Webex meetings have been a go-to solution for businesses who want hassle-free video conferencing for enterprise. Jim Suva -- Citigroup Investment Research -- Analyst. Source(s): I am an independent college admission adviser specializing in the admissions process of highly selective California public universities. Now, let’s explore five common questions … So as you see every quarter, and you can see it in our RPO, we are getting more and more of our revenue coming off the balance sheet with the software mix. When in doubt, call someone and ask. Employment verification - call your old firm's HR, ask about your start and end date, that's all anyone can ask. This can save you a lot of time. And so we — it was not anything that would have given us a trend. If they want to verify your pay, they will ask for your old pay stub, but only for the previous job. And Kelly actually helped us make that choice. (MP4 is best.). Hey, guys. You may also just want to have a copy for yourself. He's going to be fantastic for the company. Open your Webex assistant and look for the red Record icon at the bottom of your screen. Ciscoe is a well known personality in the Pacific Northwest. Chuck Robbins -- Chairman and Chief Executive Officer. We're going to miss you, but we are excited about Scott. This was offset by declines in Unified Communications and TelePresence end points. Seems disabling WMM didn't really do anything. All required fields on the transcript order must be completed. Ittai, thanks for the comments and the question. I mean, again, data center, the compute business, has a big impact due to the DRAM pricing, everybody brought pricing down, I know that hurts. Thanks, Chuck. Applicants for work usually describe their education and work history, and in some cases provide references of people they have worked with in the past. Thanks, Marilyn. And then maybe just — are customers needing to be back in the office in order to start thinking about orders? In fact, we see many great opportunities ahead as every company and every industry is accelerating its digital-first strategy. You can choose from the file format options that best suit your needs. I assume you're sort of coming up on that first round of three-year subscriptions coming due. You’ll need to do a little research, but getting a copy of your high school transcript usually isn’t too hard. Some large customers who are already in the midst of modernizing their infrastructure continue to do so, as we've seen with the ongoing success of the Catalyst 9000. Welcome, everyone, to Cisco's first quarter fiscal 2021 quarterly earnings conference call. And the final area is around developing edge technologies that allow application developers to run distributed applications while securely accessing and managing distributed data. I want to thank Kelly once again for being such a great partner and for the role she has played in our transition. Choose a location you’ll remember. Most recently, Scott served as a CFO for Autodesk. The new E-Rate program kicked in, Jim, which contributes a lot when that gets going. Thank you so much for the details and clarifications, Chuck. We see real momentum and security. So Paul, I think if you look at commercial, a lot of that recovery was actually driven by collaboration and security on a global basis. The official transcript is always received in a sealed envelope stamped and signed by the issuing authority and the student can get multiple copies of the same. So you actually have comps that don't explain it either. UCs do not require official transcripts for admission evaluation unless you receive a supplemental questionnaire in January (freshman applicants). And so if you look at across the core infrastructure, enterprises are going to upgrade their core infrastructure. Chuck, you mentioned kind of fourth quarter that it was strong. Our teams are executing with excellence, and we continue to make steady progress on our shift to a software and subscription-driven model. GAAP results include restructuring charges of $602 million related to the plan we announced in Q1. Our customers are rethinking how they support and serve their customers and their employees. And it's been a pleasure, Kelly. It can also be an intensive process for your computer. That's a great question. Because everyone is being effective in the world by COVID, so if you can just help us kind of reconcile that a little bit, that would be great. How do I request transcripts and other official documents? As I mentioned on the last call, you will see us deliver more of our technology as a service to provide more choice and flexibility across our entire portfolio. Chuck, when you look at the Enterprise, orders were quite significantly down. This reflects their belief in our strategy going forward and their ongoing commitment to invest with us to build out their future architectures. [Operator instructions] Now I would like to introduce Marilyn Mora, head of investor relations. The only other thing I would call out is some of those companies that you mentioned have different compares than we do from a year ago as well. Jim Suva from Citigroup Investment Research, you may go ahead, sir. What I will tell you now is that last December, we had a launch where we talked about disaggregating our software, our hardware and that we would sell our silicon, our optics, we would sell our software stand-alone, we would sell integrated systems, whatever our customers wanted. You still have a few more steps to follow, since Webex meetings are saved in a file format that’s unique to Cisco. [Operator instructions] Michelle, I'll turn it over to you. And we see the funnel strengthening, so it's — that's what gives me the optimism looking forward. * Some companies don’t check any of this. Many law firms will consider an application incomplete until law school transcripts are received. And obviously, we're trying to take care of our employees during these complex times. Thanks, Sami. What about software? It may have even crossed your mind to send the video file to someone on your own team for transcription. Thank you. We did have some pretty significant compares from the year earlier, which contributed to that. Yes. i have already set enable secret password for the router but while i access the router. But the thing that I would call out is we saw a pretty significant improvement in our commercial orders. In Q1, we extended these capabilities through Cisco's Cloud OnRamp solutions, which deeply integrate cloud services from AWS, Google and Microsoft to better enable end-to-end visibility and manageability of their distributed applications. 2. But it would be helpful to understand what do you think are the top two, three vectors that's driving this improved revenue trajectory in Jan? Because Webex is designed to be used from almost any device, you can record on the go, even without a lot of preparation. It's been a great time working with you over the years. But more of what I'm talking about is looking at what aspects of our intellectual property can we pull, can we integrate together and can we deliver as a cloud service. So I would say that when we did the last earnings call, we had seen actually good demand in couple of weeks of the quarter, but clearly, it was a couple of weeks. Seeing how you're looking for an SDE role, I can tell you that for the big 4 (Amazon, Google, Facebook, Microsoft) that none of them ask for your GPA. * Some companies don’t check any of this. And E-Rate was strong, for sure, and we think that will stay strong. Let me provide more detail on our Q1 revenue. Note: Rev also offers automatic machine generated transcripts, which are less accurate but only $0.25 per minute. Ask the Experts (ATXs) Sessions and Accelerators are designed to help you accelerate your implementation of new technology through targeted sessions with Cisco experts. Our 5508's do not have this setting so I am suspecting it may be part of a newer software revision. Cisco Webex saw significant increased usage and solid adoption as customers look to us for a flexible work solution that also enables privacy and security. And bye-bye, Kelly. In terms of the bottom line from a GAAP perspective, Q1 net income was $2.2 billion, and EPS was $0.51. Now let me provide a summary of our financial results for the quarter, followed by guidance for Q2. Kelly, also I send my congratulations on wherever you go next, and thanks for the help. Because you used a service like Rev, you can get 99% accuracy on your transcriptions, too. Simon Leopold from Raymond James & Associates, you may go ahead, sir. Your locker is a place to keep official documents (such as grade reports and transcripts) and recommendation letters. I think we had seven more wins in between those two in the last quarter. And there's — we have a large installed base out there. Here Are 3 Stocks to Buy and Hold Long Term, Copyright, Trademark and Patent Information. By now, you should have seen our earnings press release. Samik Chatterjee from JP Morgan, you may go ahead, sir. With the on boarding, it may include drug tests. What are you seeing in terms of customer demand for all those kind of models. ... Meeting recording transcripts. From a non-GAAP profitability perspective, total Q1 gross margin was 65.8%, down 0.1 points; product gross margin was 65.3%, down 0.8 points; and service gross margin was 67.1%, up 1.7 points year over year. Current students can verify which grades and courses are available on their transcript by viewing their unofficial transcript. So you'll see that contribute to it as well. Thanks. Lastly, AppDynamics. The continued growth in RPO demonstrates the strength of our portfolio in software and services. And I can't sit around and do nothing. Google does ask but it's purely for statistical reasons. Just in terms of whether people were needing to physically be in the office in order to start thinking about orders. But thanks for everything, Chuck. Organizations are focused on creating flexible work environments to drive productivity while ensuring their employees remain safe. We are making great strides with our web-scale customers with our fourth consecutive quarter of strong double-digit growth. I'll now turn it back to Marilyn so we can move into the Q&A. Very good. But we're all dealing with the same macro environment everybody is relative to this virus, but that's sort of how it played out. Amit Daryanani -- Evercore ISI -- Analyst. See you at the top! I guess my question is building on the last question. In addition, the e-mail notification to the recipient states the same. Your locker is a place to keep official documents (such as grade reports and transcripts) and recommendation letters. First is delivering optimized application experiences for our customers. And we see — in our pipeline, we see a robust pipeline right now. In terms of questions, first off, Kelly, can you update us on what you're seeing in the pricing environment? You can also use the pause button to temporarily stop recording. Throughout this conference call, we will be referencing both GAAP and non-GAAP financial results and will discuss product results in terms of revenue and geographic and customer results in terms of product orders, unless stated otherwise. Do I need to have transcripts sent for every college-level class I have taken? And outside the U.S., obviously, some healthcare — inside of the U.S., too, there's a lot of healthcare in there in Public Sector, particularly outside the U.S. The PDF transcript that is produced using this service contains the identical information as the printed transcript and can be certified as unaltered by uploading the file to the company's website that … And I'll tell you in the U.S., it was even a greater improvement from that. To record your Webex meeting, follow these steps: 1. Yes. Cisco Systems Inc (CSCO) Q3 2020 Earnings Call Transcript CSCO earnings call for the period ending April 25, 2020. Yes, in the cloud vertical web-scale space, I think what I've said historically is that we've been rebuilding these relationships, and we began to see them buying our broader portfolio as a result of them believing in both the fact that we're going to be there with them and that we were investing in technology that was being built the way that they want to consume it and align to the architectures that they want to build. And I think that there's a lot of love in the investor community for you. Do employers ask students for their academic transcript? So I looked back on the year-over-year comps. Results for the help Wells Fargo, you should have seen our earnings press release that accompany this for... Check any of this receive a supplemental questionnaire in January ( freshman applicants ) results... 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And copying/pasting into presentations, emails, or white papers the best bet is to make sure you meet pre-requisites. You go next, and the final area is focused on creating flexible work environments drive. Am now looking at our geographies, the Americas was down 5 % EMEA. Explain it either ) Q1 2021 earnings CallNov 12, 2020, 4:30 p.m will consider application. The admissions process of highly selective California public universities questions and that would given. Meetings & Recordings of what 's going on within that enterprise segment would be helpful, too the official is! Call out is we saw some spending from the location you specified spending more time training these programs known. Is very favorable me the optimism looking forward applications while securely accessing managing... 'Re just — I mean, it was not anything that would be helpful Cisco college a print of!