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Segment Information and Major Customers
9 Months Ended
Apr. 29, 2023
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 2023 and 2022, 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 29,
2023
April 30,
2022
April 29,
2023
April 30,
2022
Revenue:
Americas$8,634 $7,638 $24,372 $22,344 
EMEA3,806 3,271 11,209 10,138 
APJC2,131 1,926 6,214 5,972 
Total$14,571 $12,835 $41,795 $38,455 
Gross margin:
Americas$5,545 $4,952 $15,449 $14,438 
EMEA2,536 2,154 7,330 6,664 
APJC1,415 1,279 3,986 3,934 
Segment total9,495 8,386 26,764 25,035 
Unallocated corporate items(263)(265)(759)(812)
Total$9,232 $8,121 $26,005 $24,223 
Amounts may not sum due to rounding.
Revenue in the United States was $7.7 billion and $6.9 billion for the third quarter of fiscal 2023 and 2022, respectively, and $21.7 billion and $20.1 billion for the first nine months of fiscal 2023 and 2022, 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.
The following table presents revenue for groups of similar products and services (in millions):
Three Months EndedNine Months Ended
April 29,
2023
April 30,
2022
April 29,
2023
April 30,
2022
Revenue:
Secure, Agile Networks$7,550 $5,870 $20,980 $17,737 
Internet for the Future1,392 1,324 4,007 4,019 
Collaboration985 1,132 3,029 3,308 
End-to-End Security958 938 2,872 2,716 
Optimized Application Experiences204 183 597 544 
Other Products
Total Product11,092 9,448 31,492 28,330 
Services3,479 3,387 10,303 10,125 
Total$14,571 $12,835 $41,795 $38,455 
Amounts may not sum due to rounding. We have made certain reclassifications to the product revenue amounts for prior periods to conform to the current year presentation.