Company: Cisco Systems, Inc.
Ticker: CSCO
Form: 10-K
Filed: 2025-09-03
Fiscal Period: {"fp": "FY", "fy_curr": 2025, "fy_prev": 2024}

Question: By what percentage did Cisco Systems, Inc.'s operating income change from fiscal year 2024 to fiscal year 2025?
Question Type: temporal_comparison

Concept: OperatingIncomeLoss
Answer (Numeric): -3.46
Answer (Display): -3.46%
Unit: percent_change

Evidence:
[{"chunk_id": "165", "equivalent_chunk_ids": ["165"], "section": "Consolidated Statements of Operations", "supports": ["current", "previous"], "text": "(in millions, except per-share amounts)\nYears Ended\nJuly 26, 2025\nJuly 27, 2024\nJuly 29, 2023\nREVENUE:\nProduct\n41,608\n39,253\n43,142\nServices\n15,046\n14,550\n13,856\nTotal revenue\n56,654\n53,803\n56,998\nCOST OF SALES:\nProduct\n15,121\n14,339\n16,590\nServices\n4,743\n4,636\n4,655\nTotal cost of sales\n19,864\n18,975\n21,245\nGROSS MARGIN\n36,790\n34,828\n35,753\nOPERATING EXPENSES:\nResearch and development\n9,300\n7,983\n7,551\nSales and marketing\n10,966\n10,364\n9,880\nGeneral and administrative\n2,992\n2,813\n2,478\nAmortization of purchased intangible assets\n1,028\nRestructuring and other charges\nTotal operating expenses\n25,030\n22,647\n20,722\nOPERATING INCOME\n11,760\n12,181\n15,031\nInterest income\n1,001\n1,365\nInterest expense\n1,593\n1,006\nOther income (loss), net\nInterest and other income (loss), net\nINCOME BEFORE PROVISION FOR INCOME TAXES\n11,100\n12,234\n15,318\nProvision for income taxes\n1,914\n2,705\nNET INCOME\n10,180\n10,320\n12,613\nNet income per share:\nBasic\n2.56\n2.55\n3.08\nDiluted\n2.55\n2.54\n3.07\nShares used in per-share calculation:\nBasic\n3,976\n4,043\n4,093\nDiluted\n3,998\n4,062\n4,105\nSee Notes to Consolidated Financial Statements.\nCISCO SYSTEMS, INC."}]

Derivation: {"current_value": 11760.0, "op": "pct_change", "previous_value": 12181.0}