Cisco reaffirms Splunk deal: cash-flow positive & gross-margin accretive in FY1, non-GAAP EPS accretive in FY2

CISCO SYSTEMS, INC.

Transaction expected to be cash-flow positive and gross-margin accretive in first fiscal year after close.
Non-GAAP EPS accretive in second full year post close.
Cash-flow definition includes Splunk operations, synergies, financing costs; excludes transaction costs, one-time equity conversion, retention awards.
No GAAP reconciliation provided because company cannot estimate individual adjustments without unreasonable effort.
Deal announced September 21, 2023; Splunk stockholder vote and regulatory approvals still pending.

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