XML 40 R28.htm IDEA: XBRL DOCUMENT v3.22.1
Segment Information and Major Customers
9 Months Ended
Apr. 30, 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 third quarter and first nine 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 EndedNine Months Ended
April 30,
2022
May 1,
2021
April 30,
2022
May 1,
2021
Revenue:
Americas$7,638 $7,262 $22,344 $21,430 
EMEA3,271 3,483 10,138 9,654 
APJC1,926 2,057 5,972 5,608 
Total$12,835 $12,803 $38,455 $36,692 
Gross margin:
Americas$4,952 $4,831 $14,438 $14,383 
EMEA2,154 2,283 6,664 6,322 
APJC1,279 1,331 3,934 3,599 
Segment total8,386 8,445 25,035 24,303 
Unallocated corporate items(265)(260)(812)(753)
Total$8,121 $8,185 $24,223 $23,550 
Amounts may not sum and percentages may not recalculate due to rounding.
Revenue in the United States was $6.9 billion and $6.4 billion for the third quarter of fiscal 2022 and 2021, respectively, and $20.1 billion and $19.1 billion for the first nine 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 fiscal 2022, we began reporting our product and service revenue in the following categories: Secure, Agile Networks; Internet for the Future; Collaboration; End-to-End Security; 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 EndedNine Months Ended
April 30,
2022
May 1,
2021
April 30,
2022
May 1,
2021
Revenue:
Secure, Agile Networks$5,869 $5,620 $17,735 $16,543 
Internet for the Future1,324 1,249 4,021 3,121 
Collaboration1,132 1,220 3,308 3,580 
End-to-End Security938 876 2,716 2,559 
Optimized Application Experiences183 170 544 483 
Other Products11 
Total Product9,448 9,139 28,330 26,298 
Services3,387 3,664 10,125 10,394 
Total$12,835 $12,803 $38,455 $36,692 
Amounts may not sum due to rounding.