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Q2 Fiscal Year 2022

2017 Cisco and/or its affiliates. All rights reserved. Cisco ConfidentialQ2 Fiscal year 2022 conference CallFebruary 16, 2022 2022 Cisco and/or its affiliates. All rights reserved. Cisco Confidential2 Forward-Looking StatementsThis presentation contains projections and other forward-looking statements regarding future events or the future financial performance of Cisco, including future operating results. These projections and statements are only predictions. Actual events or results may differ materially from those in the projections or other forward-looking statements.

These presentation slides and the related conference call contain forward-looking statements, which are subject to the safe harbor provisions of the …

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Transcription of Q2 Fiscal Year 2022

1 2017 Cisco and/or its affiliates. All rights reserved. Cisco ConfidentialQ2 Fiscal year 2022 conference CallFebruary 16, 2022 2022 Cisco and/or its affiliates. All rights reserved. Cisco Confidential2 Forward-Looking StatementsThis presentation contains projections and other forward-looking statements regarding future events or the future financial performance of Cisco, including future operating results. These projections and statements are only predictions. Actual events or results may differ materially from those in the projections or other forward-looking statements.

2 Please see Cisco s filings with the SEC, including its most recent filings on Forms 10-K and 10-Q, for a discussion of important risk factors that could cause actual events or results to differ materially from those in the projections or other forward-looking ReconciliationDuring this presentation references to financial measures of Cisco will include references to non-GAAP financial measures. Cisco provides a reconciliation between GAAP and non-GAAP financial information on the Cisco Investor Relations website 2017 Cisco and/or its affiliates.

3 All rights reserved. Cisco ConfidentialBusiness Momentum & Key Trends 2022 Cisco and/or its affiliates. All rights reserved. Cisco Confidential4Q2 FY 2022 Highlights Strong performance demonstrating strength of our strategy and differentiated innovation Revenue, non-GAAP net income and EPS all grew 6% y/y Delivered healthy margins despite supply-constrained, inflationary environment Robust, broad-based demand led to product order growth of 33% y/y Third consecutive quarter of year -over- year product order growth of 30% or higher Enterprise orders growth accelerated to 37% y/y.

4 Webscale orders grew over 70% y/y All-time high product backlog of $14B, increasing more than 150% y/y Continued momentum on business transformation Software revenue grew to $ , 80% of software revenue was subscription-based, up 4 percentage points y/y Total subscription revenue grew to $ ; representing 44% of total revenue Annualized Recurring Revenue (ARR) of $ up 11% y/y; product ARR up 20% y/y Remaining Performance Obligations (RPO) grew 8% y/y to $ ; product RPO grew 16% y/y; total short-term RPO was $ which will convert to revenue over the next twelve months Increased the stock repurchase authorization by $15B, bringing the total to ~$18B We increased our quarterly dividend by $ per share to $ which represents our 12th increase 2017 Cisco and/or its affiliates.

5 All rights reserved. Cisco ConfidentialFinancial Overview 2022 Cisco and/or its affiliates. All rights reserved. Cisco Confidential6Q2 FY 2022 Revenue and Total Gross MarginRevenueTotal Gross Margin%$M (except percentages)Q2 FY'21Q1 FY 22Q2 FY 22Q2 FY'21Q1 FY 22Q2 FY 22 Americas$6,969$7,561$7, ,2073,3033, ,7842,0362, Total$11,960$12,900$12, may not sum and percentages may not recalculate due to rounding. 2022 Cisco and/or its affiliates. All rights reserved. Cisco Confidential7 Product Category$MY/Y Secure, Agile Networks$5,8987%Hybrid Work1,067(9%)End-to-End Security8837%Internet for the Future1,32242%Optimized Application Experiences18012%Other Products2(28%)Services3,367(1%)Total Cisco$12,7206%Q2 FY 2022 Revenue HighlightsAmounts may not sum and percentages may not recalculate due to the third quarter of Fiscal 2022, Hybrid Work will change to Collaboration.

6 2022 Cisco and/or its affiliates. All rights reserved. Cisco Confidential8$ $ $ $ $ $ Q2 FY 2021Q1 FY 2022Q2 FY 2022 Software Subscription RevenueTotal Software Revenue76%80%80%+ 12% Y/Y+ 4% Y/YQ2 FY 2022 Software Revenue$B (except percentages)Software Subscription Revenue as a % of T otal Software Revenue+ 12% Y/Y+ 6% Y/Y+ 6% Y/Y+ 1% Y/Y 2022 Cisco and/or its affiliates. All rights reserved. Cisco Confidential9 Subscriptions as a % of Total Revenue$B (except percentages)$ $ $ $ $ $ $ $ $ - FY 2021Q1 FY 2022Q2 FY 2022 Software Subscription RevenueService Subscription Revenue without SoftwareAmounts may not sum and percentages may not recalculate due to are comprised of term software licenses, security software licenses, SaaS, and service arrangements.

7 + 7% Y/Y+ 2% Y/Y+ 12% Y/Y 2022 Cisco and/or its affiliates. All rights reserved. Cisco Confidential10 Annualized Recurring Revenue (ARR)Amounts may not sum and percentages may not recalculate due to rounding.$ $ $ $ $ $ $ $ $ Q2 FY 2021Q1 FY 2022Q2 FY 2022 ProductService+ 11% Y/YAnnualized Recurring Revenue ( ARR ) represents the annualized revenue run-rate of active subscriptions, term licenses, and maintenance contracts at the end of a reporting period, net of rebates to customers and partners as well as certain other revenue adjustments.

8 Includes both revenue recognized ratably as well as upfront on an annualized should be viewed independently of revenue, deferred revenue and remaining performance obligation as ARR is a management operational performance metric and is not intended as a substitute for any of these items.$B (except percentages)+ 5% Y/Y+ 20% Y/Y 2022 Cisco and/or its affiliates. All rights reserved. Cisco Confidential11Q2 FY 2022 Remaining Performance Obligations$ $ $ $ $ $ $ $ $ FY 2021Q1 FY 2022Q2 FY 2022 Short Term RPOLong Term RPOWill be recognized in the next 12 monthsRemaining Performance Obligations (RPO)Future RevenueDeferred and Contract RevenueShort term$B (except percentages)

9 RPO is an indicator of future revenueRepresents revenue for non-cancellable contracts that will be recognized in future periodsComprised of total deferred revenue plus unbilled contract revenue+ 8% Y/Y+ 9% Y/Y+ 8% Y/YShort term RPO of $ , up 8% year over year , represents 53% of total RPO 2022 Cisco and/or its affiliates. All rights reserved. Cisco Confidential12 Geographic SegmentY/YAmericas36% EMEA30%APJC30%Customer MarketY/YEnterprise37% Public Sector20%Commercial34% Service Provider42%Total Cisco: 33% Y/YQ2 FY 2022 Product Orders 2022 Cisco and/or its affiliates.

10 All rights reserved. Cisco Confidential13Q2 FY 2022 GAAP Income Statement Highlights$M (except per-share amounts and percentages)Q2 FY 2021Q1 FY 2022Q2 FY 2022 Revenue$11,960$12,900$12,720 year /YearChangeProductService0%$8,572$3, 3888%$9,529$3,3716%$9,353$3,367 Gross Gross MarginServiceGross Margin $4,561$4,615$4,562 OPEX (% of Revenue)OperatingIncome (% of Revenue) Income$2,545$2,980$2,973 year / year Change(12%)37%17%Earnings per Share (diluted)$ $ $ Change(12%)37%18% 2022 Cisco and/or its affiliates. All rights reserved.