Exhibit 12.1

Cisco Systems, Inc.

Ratio of earnings to fixed charges

(in millions)

	Year ended
	July 25, 2009		July 26, 2008		July 28, 2007		July 29, 2006		July 30, 2005
Earnings before income taxes, noncontrolling interest and cumulative effect of accounting changes	$	7,693	$	10,255	$	9,461	$	7,633	$	8,036
Fixed charges		444		406		443		202		54
Earnings	$	8,137	$	10,661	$	9,904	$	7,835	$	8,090
Fixed charges (a)	$	444	$	406	$	443	$	202	$	54
RATIO OF EARNINGS TO FIXED CHARGES		18.3		26.2		22.4		38.7		150.6

(a) Included in fixed charges is an estimate of the interest within rental expense. This amount includes 30 percent of the rental expense, which the Company believes is a reasonable approximation of the interest component of rental expense.