CLAIM #17430 · CSCO (CSCO) · 2022Q1 earnings call · Nov 17, 2021 · due Jul 31, 2022
“Demand remains strong and with the momentum in our business transformation, we have set the stage for another year of accelerated growth in fiscal 2022.”
Chuck Robbins · CEO
In context
“d like to share the progress we're making on our ESG initiatives. In September, we committed to being net 0 greenhouse gas emissions for Scope 1 and 2 by 2025 and net 0 for all emissions including Scope 3 by 2040. We believe we will do this by focusing on 4 areas: Building more efficient products, accelerating the use of renewable energy, embracing hybrid work, and investing in innovative carbon removal solutions. We believe we have a deep responsibility to use our industry leadership position and our innovation, to make the world a better place and look forward to continuing to do our part. In summary, I am very pleased with the start to our fiscal year. Our teams are executing on our strategy, while navigating a challenging operating environment and this is reflected in our Q1 results. Demand remains strong and with the momentum in our business transformation, we have set the stage for another year of accelerated growth in fiscal 2022. Our performance is a testament to the power of our differentiated innovation, the strength of our end markets, and our team's commitment to excellence. As our customers accelerate their digital transformation and their adoption of hybrid cloud and hybrid work strategies, we believe we are uniquely positioned to capture the opportunities ahead. We will continue to strategically invest across our portfolio to drive growth and innovation, strengthen our competitive advantage, and position Cisco for success. And I continue to have great confidence in our future. I will now turn it over to Scott. Scott Herren : Thanks, Chuck. We started the fiscal year with a strong Q1 performance. We executed well resulting in another quarter of more than 30% product order growth, driven by strength across o”
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SEC filings for CSCO ↗ · Claim quote is verbatim from the 2022Q1 earnings call.