Cisco 2004 Annual Report Download - page 19

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The following table is a breakdown of net sales between product and service revenue (in millions, except percentages):
Variance Variance Variance Variance
Years Ended July 31, 2004 July 26, 2003 in Dollars in Percent July 26, 2003 July 27, 2002 in Dollars in Percent
Net sales:
Product $ 18,550 $15,565 $2,985 19.2% $15,565 $15,669 $ (104) (0.7)%
Percentage of net sales 84.1% 82.5% 82.5% 82.8%
Service 3,495 3,313 182 5.5% 3,313 3,246 67 2.1%
Percentage of net sales 15.9% 17.5% 17.5% 17.2%
Total $ 22,045 $18,878 $ 3,167 16.8% $18,878 $18,915 $ (37) (0.2)%
Net Product Sales by Theater
The following table is a breakdown of net product sales by theater (in millions, except percentages):
Variance Variance Variance Variance
Years Ended July 31, 2004 July 26, 2003 in Dollars in Percent July 26, 2003 July 27, 2002 in Dollars in Percent
Net product sales:
Americas $ 9,662 $ 8,109 $1,553 19.2% $ 8,109 $ 8,277 $ (168) (2.0)%
Percentage of net product sales 52.1% 52.1% 52.1% 52.7%
EMEA 5,504 4,609 895 19.4% 4,609 4,537 72 1.6%
Percentage of net product sales 29.7% 29.6% 29.6% 29.0%
Asia Pacific 2,039 1,687 352 20.9% 1,687 1,593 94 5.9%
Percentage of net product sales 11.0% 10.8% 10.8% 10.2%
Japan 1,345 1,160 185 15.9% 1,160 1,262 (102) (8.1)%
Percentage of net product sales 7.2% 7.5% 7.5% 8.1%
Total $ 18,550 $15,565 $2,985 19.2% $15,565 $15,669 $ (104) (0.7)%
Net Product Sales by Groups of Similar Products
The following table presents net sales for groups of similar products (in millions, except percentages):
Variance Variance Variance Variance
Years Ended July 31, 2004 July 26, 2003 in Dollars in Percent July 26, 2003 July 27, 2002 in Dollars in Percent
Net product sales:
Routers $ 5,406 $ 4,859 $ 547 11.3% $ 4,859 $ 5,487 $ (628) (11.4)%
Percentage of net product sales 29.1% 31.2% 31.2% 35.0%
Switches 8,881 7,721 1,160 15.0% 7,721 7,651 70 0.9%
Percentage of net product sales 47.9% 49.6% 49.6% 48.8%
Advanced Technologies 3,435 2,004 1,431 71.4% 2,004 1,556 448 28.8%
Percentage of net product sales 18.5% 12.9% 12.9% 10.0%
Other 828 981 (153) (15.6)% 981 975 6 0.6%
Percentage of net product sales 4.5% 6.3% 6.3% 6.2%
Total $ 18,550 $15,565 $2,985 19.2% $15,565 $15,669 $ (104) (0.7)%
22 CISCO SYSTEMS, INC.
MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS