We see large transactions showing up again in the funnel, which is positive. On the other hand, I look at your numbers, infrastructure platforms are down 16% year-over-year, 15.9%, let’s say 16%. And then, Kelly, just clarification on RPO. He is going to be fantastic for the Company. For participants dialing from outside the US, please dial 203-369-3562. The non-GAAP operating margin rate is expected to be in the range of 32% to 33%. I’ll now turn it back to Marilyn so we can move into the Q&A. We now plan to close the call. Now, I would like to introduce Marilyn Mora, Head of Investor Relations. Tal Liani from Bank of America. Service revenue was up 2%, driven by growth in our maintenance business as well as support services. As such, all of the revenue, non-GAAP, and product orders information we will be discussing is normalized to exclude the SPVSS business from our historical results. Kelly, also send my congratulations on wherever you go next, and thanks for the help. Good luck going forward. As many enterprises look to adopt new hybrid work models with more remotely distributed workers than before, we are focused on helping them deliver consistent experiences, whether working remotely or in the office, from connectivity to collaboration, to security [Indecipherable] supporting our customers with their mission of securing everything they do. Very good. And so, if you look at across the core infrastructure, enterprises are going to upgrade their core infrastructure. I would say that right now, there — we are probably at the peak of internal innovation that we’ve — that I’ve seen for a long time. It’s been an incredible partnership. We are succeeding in transforming our business model with 78% of our software revenue now sold as a subscription, and we saw double-digit growth in our deferred product revenue. And software and services together have become a much bigger part of our portfolio. So if you can just help us kind of reconcile that a little bit, that’d be great. Next question? First of all, Kelly, I just wanted to thank you for your help over the years and wish you all good things going forward. Cisco Systems (CSCO) Q4 2020 Earnings Call Transcript CSCO earnings call for the period ending June 30, 2020. Our focus is on winning with a differentiated innovation portfolio, long-term growth and being a trusted technology partner for our customers. Security was up 6%. Is this something that can consistently be growing from a product orders and strength perspective in at least the upcoming quarter? Our teams are executing with excellence, and we continue to make steady progress on our shift to a software and subscription-driven model. Our customers are also increasingly running applications across multiple cloud environments, and this requires next-generation architectures with automation, security and insights. Kelly, you have anything to add? At the request of Cisco, today’s conference is being recorded. We know what’s coming off the balance sheet with all the software. Thank you. Lastly AppDynamics. You may go ahead, sir. In Q1, as you've seen, we had revenue growth of 2% and double-digit non-GAAP earnings per share growth. If you would like to listen to the call in its entirety, you may call 800-879-5193. You may go ahead. It’s — there’s different priorities, but they’re all dependent upon tech, and so that’s good. Thank you very much for fitting me in. They’re going to need to deal with social distancing issues. Ittai Kidron from Oppenheimer. You may go ahead, sir. We will continue to deliver the end-to-end intelligent security architecture designed to keep their data private and their people secure. I have no doubt that he will contribute to and foster the culture we are also proud of here at Cisco. States were slightly weak, but the federal government was good. He also has strong experience operating in complex global business environments at scale and a track record of profitable business growth, focused team building and prudent financial controls. So we actually have comps that don’t explain it either. The application is the lifeline for all organizations and is increasingly how end users access their products and consume their services. Well, I think a lot of it’s what I just described, right? With that, I’ll now turn it over to Chuck. But if you have any further questions, feel free is always to reach out to the Investor Relations team. We continue to benefit from the shift to cloud-based security capabilities and had robust growth in our secure remote worker offer that includes Duo, Umbrella and AnyConnect. From a capital allocation perspective, we returned $2.3 billion to shareholders during the quarter that was comprised of $0.8 billion of share repurchases and $1.5 billion for our quarterly dividend. We’re starting to see signs of 5G core spending and, Chuck, you alluded to it on the call and also more about the desire for OpenRAN. Thank you. This transcript is provided as is without express or implied warranties of any kind. Total emerging markets were down 15% with the BRICS plus Mexico down 19%. So I think it’s still TBD on what really happens in this space because I think 90 days to 120 days ago, there was this belief that we were going to shut down every headquarters building in the world. If I just look at switching and routing and Juniper and Arista, on a global basis, without getting into details of the composition, you’re down more than they are. Scott, I think it’s great that Scott coming. And it’s sort of exactly what I expected, but we needed to see it and we’ll see if it continues. In Q1, we extended these capabilities through Cisco’s Cloud onRamp solutions, which deeply integrate cloud services from AWS, Google and Microsoft to better enable end-to-end visibility and manageability of their distributed applications. Operating cash flow was $4.1 billion, up 14%. Accenture plc. My investments are based on Fundamental Analysis, taking a look at stock earnings, financial documents. And then, maybe just are customers needing to be back in the office in order to start thinking about orders or if they just accommodated and are starting to make orders [Indecipherable]? Could you go into a little bit more detail on that? I’d say on public sector, we feel pretty good about it actually. Also thanks to you, Chuck. In Q2 of fiscal 2019, we completed the sale of our SPVSS business and accordingly had no revenue or expense from that business in Q1 fiscal 2020. So it’s — that’s what gives me the optimism looking forward. GAAP net income was $1.23 billion, or $4.55 per share, compared to. Thank you. Can you tell us if duration — how duration is changing? First, I want to start off by saying I hope everyone is safe and healthy. I also want to thank our employees for their dedication to our customers and their relentless focus on innovation. In terms of orders in Q1, total product orders were down 5%. Total revenue was $11.9 billion, down 9% year-over-year. So it is — and it is math to some extent, but I think that some of the things that we talked about earlier, the things that have given us — it’s hard to say super-optimistic because the numbers still aren’t where we want them to be. Good working with you, Kelly. Welcome everyone to Cisco's first quarter of fiscal 2020 quarterly earnings conference call. Obviously, we’re optimistic, like everybody else, some of the vaccines and some of the therapeutics and all will ultimately help. And so, I think it was just more consistency basically. We are going to look through CSCO Earnings Call, CISCO Earnings report. That’s a great question. Aaron Rakers from Wells Fargo. Tim Long from Barclays. Sami Badri from Credit Suisse. We had — we did have some pretty significant compares from the year earlier, which contributed to that. We delivered a solid quarter against a challenging macro environment. And the final area is around developing edge technologies that allow application developers to run distributed applications while securely accessing and managing distributed data. So I look back on the year-over-year comps, and last year, enterprise orders were down 7% and public sector was flattish. Cisco Systems (NASDAQ:CSCO) issued an update on its second quarter 2021 After-Hours earnings guidance on Thursday morning. Thank you. And I am proud of these results. But the thing that I would call out is, we saw a pretty significant improvement in our commercial orders. And then just as a kind of a follow-up here, is there — have you guys been able to go through the commercial and the federal segments and determine whether CARES funding or stimulus funding was able to fund some of the reversals and dynamics that you guys saw in the quarter, and then that essentially lead to a better guide than what consensus was modeling? Thank you. 3 days Construction Partners, Inc. (ROAD) CEO Charles Owens on Q4 2020 Results – Earnings Call Transcript Seeking Alpha 3 days Costco’s earnings came in better than expected. What I kind of was hopeful was going to happen, which I think we did see, is that we had customers who were super-focused on getting their employees working from home productively and getting their security set up. Thank you. And then just a quick follow-up, if you could, on the public sector being up. We saw declines across switching, routing, data center and wireless, driven primarily by the weakness we saw in the enterprise and commercial markets. Income statements, full GAAP to non-GAAP reconciliation information, balance sheets, cash flow statements and other financial information can also be found in the Financial Information section of our Investor Relations website. Cisco will not comment on its financial guidance during the quarter unless it is done through an explicit public disclosure. The firm operates through the following geographical segments: the Americas, EMEA, and APJC. We recently announced new cloud and SD-WAN platform innovations to help our customers connect, secure and automate across their hybrid environments with greater visibility into their applications. Cisco Systems, Inc. (NASDAQ:CSCO) Q1 2020 Earnings Conference Call - Final Transcript Welcome to Cisco's First Quarter Fiscal Year 2020 Financial Results Conference Call. Thank you. I’m not sure it’s significant. It’s a good question. Cisco Systems (NASDAQ:CSCO) issued an update on its second quarter earnings guidance on Thursday morning. Yeah. But I really want to just focus on thanking Kelly. And now, I think people know that it’s going to be a balanced going back. And outside the US, obviously, some healthcare. Thanks Tim. Okay. And so our teams continue to work on building out our overall stack for how we’re playing that OpenRAN space over time. And as you look through the rest of the fiscal year, is this the sequential improvement that you’re looking for? But Kelly, thanks for everything you’ve done. Enterprise was down 15%. We are also accelerating our innovation with new offerings such as Webex Legislate to keep critical functions of global governments running, along with capabilities like breakout rooms, virtual huddle spaces and noise cancellation. You may go ahead, sir. Yeah, I think, first thing I’ll say is that I’m really proud of our team and how hard they’re working and how committed they are to our customers and making sure that we’re taking care of them during these complex times. SecureX, which offers a simplified security experience, saw strong adoption as it has been deployed across more than 4,000 organizations since it became globally available in June. Michelle, can you [Indecipherable] the last question? Our acquisition strategy hasn’t changed, just to be clear. Â© 2020 AlphaStreet Inc. All Rights Reserved, Jabil Inc. (JBL) Q1 2021 Earnings Call Transcript, Broadcom beats in Q4, announces management rejig, Infographic: Highlights of Darden Restaurants’ (DRI) Q2 2021 earnings report, Key highlights from FedEx (FDX) Q2 2021 earnings results, After strong FY20, Accenture now eyes bigger slice of the cloud pie. Business continuity and resiliency remain top of mind for our customers everyone has been to! Fundamental Analysis, taking a look at stock earnings, financial documents then Kelly can add to it as.. Growth initiatives but again, it may contain misspellings and other macro uncertainties we felt in our commercial orders on. 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