Cisco Systemsreason 02 of 4it gets paid again without selling againderived 2026-09-11accession 0000858877-26-000132
Total software revenue was $23.2 billion across all product areas and services, an increase of 4%, and total subscription revenue increased 1%
Deferred revenue was $29.8 billion as of July 25, 2026 compared to $28.8 billion as of July 26, 2025
We recognized approximately $16.4 billion of revenue during fiscal 2026 that was included in the deferred revenue balance at July 26, 2025
We expect to recognize approximately 49% of total remaining performance obligations as revenue over the next 12 months
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It held on this filing. No finding was written because nothing in it bore on the reason — the sentences it was read against are below.
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the claims it rests on
“Total software revenue was $23.2 billion across all product areas and services, an increase of 4%, and total subscription revenue increased 1%”
“Deferred revenue was $29.8 billion as of July 25, 2026 compared to $28.8 billion as of July 26, 2025”
“We recognized approximately $16.4 billion of revenue during fiscal 2026 that was included in the deferred revenue balance at July 26, 2025”
“We expect to recognize approximately 49% of total remaining performance obligations as revenue over the next 12 months”