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Cisco Systems, Inc. 3
Annual Report 2013
Letter to Shareholders
strategy, the pillars of which are build, buy, partner, and
integrate. This strategy, combined with our architectural
approach, continues to be extremely effective in terms
of solving customers’ business needs. During the fiscal
year, we closed 13 strategic acquisitions, which spanned
across our top growth priorities.
LOOKING AHEAD
We never convince ourselves the market will evolve
a certain way because it is convenient to our current
business. Rather, we align closely with our customers
to transform to meet the long-term market needs. We
prioritize and invest for where the market is going. Every
technology company should move with this agility. Many
do not, and those that do not get left behind.
As we head into the new fiscal year, I am both excited
about our innovation strategy and confident about our
ability to move with unparalleled speed and agility. I am
extremely pleased with our first-class leadership team,
operational strength, fiscal discipline, and the value
we continue to provide to our customers, partners,
employees, and shareholders. We have a proven track
record of success, and we believe we are well positioned
to capitalize on the growth opportunities in front of us.
I am energized by the opportunity ahead as we look
to become the number-one IT company. We remain
committed to you, our shareholders, and thank you for
your continued confidence and support.
John T. Chambers
Chairman & CEO, Cisco
September 10, 2013