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Segment Information and Major Customers
6 Months Ended
Jan. 29, 2022
Segment Reporting [Abstract]  
Segment Information and Major Customers Segment Information and Major Customers
(a)Revenue and Gross Margin by Segment
We conduct business globally and are primarily managed on a geographic basis consisting of three segments: the Americas, EMEA, and APJC. Our management makes financial decisions and allocates resources based on the information it receives from our internal management system. Sales are attributed to a segment based on the ordering location of the customer. We do not allocate research and development, sales and marketing, or general and administrative expenses to our segments in this internal management system because management does not include the information in our measurement of the performance of the operating segments. In addition, we do not allocate amortization and impairment of acquisition-related intangible assets, share-based compensation expense, significant litigation settlements and other contingencies, charges related to asset impairments and restructurings, and certain other charges to the gross margin for each segment because management does not include this information in our measurement of the performance of the operating segments.
Summarized financial information by segment for the second quarter and first six months of fiscal 2022 and 2021, based on our internal management system and as utilized by our Chief Operating Decision Maker (“CODM”), is as follows (in millions):
Three Months EndedSix Months Ended
January 29,
2022
January 23,
2021
January 29,
2022
January 23,
2021
Revenue:
Americas$7,146 $6,969 $14,706 $14,168 
EMEA3,564 3,207 6,867 6,171 
APJC2,010 1,784 4,046 3,551 
Total$12,720 $11,960 $25,620 $23,889 
Gross margin:
Americas$4,611 $4,705 $9,486 $9,552 
EMEA2,381 2,145 4,509 4,038 
APJC1,337 1,155 2,654 2,268 
Segment total8,328 8,005 16,649 15,858 
Unallocated corporate items(279)(221)(547)(493)
Total$8,049 $7,784 $16,102 $15,365 
Amounts may not sum and percentages may not recalculate due to rounding.
Revenue in the United States was $6.4 billion and $6.2 billion for the second quarter of fiscal 2022 and 2021, respectively, and $13.2 billion and $12.7 billion for the first six months of fiscal 2022 and 2021, respectively.
(b)Revenue for Groups of Similar Products and Services
We design and sell Internet Protocol (IP)-based networking and other products related to the communications and IT industry and provide services associated with these products and their use. Effective in the first quarter of fiscal 2022, we began reporting our product and service revenue in the following categories: Secure, Agile Networks; Hybrid Work; End-to-End Security; Internet for the Future; Optimized Application Experiences; Other Products; and Services. This change will better align our product categories with our strategic priorities.
The following table presents revenue for groups of similar products and services (in millions):
Three Months EndedSix Months Ended
January 29,
2022
January 23,
2021
January 29,
2022
January 23,
2021
Revenue:
Secure, Agile Networks$5,898 $5,489 $11,866 $10,923 
Hybrid Work1,067 1,167 2,176 2,360 
End-to-End Security883 822 1,778 1,684 
Internet for the Future1,322 931 2,697 1,872 
Optimized Application Experiences180 161 361 314 
Other Products
Total Product9,353 8,572 18,882 17,159 
Services3,367 3,388 6,738 6,730 
Total$12,720 $11,960 $25,620 $23,889 
Amounts may not sum due to rounding.