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Cisco Systems, Inc., commonly known as Cisco (NASDAQ: CSCO), is a leading American multinational digital communications technology conglomerate headquartered in San Jose, California. Cisco is the world's largest provider of networking equipment and one of the top software companies globally.
The company's core business revolves around selling networking hardware and software, including leading market shares in these sectors. Cisco is also a prominent player in cybersecurity with products like firewalls, and offers collaboration tools such as the Webex suite. Additionally, Cisco provides observability tools to enhance network visibility and performance.
Recent achievements underscore Cisco's commitment to innovation and sustainability. For instance, the Cisco Foundation is actively working on environmental protection projects in the Amazon Basin, highlighting the company's dedication to Corporate Social Responsibility (CSR). Cisco is also at the forefront of AI and data security, unveiling groundbreaking solutions like Cisco Hypershield to protect modern workloads across various platforms.
Cisco is investing heavily in emerging technologies. The company recently launched a $1B AI investment fund to support the startup ecosystem and advance AI solutions, reflecting Cisco's strategic focus on innovation and customer needs in the AI era.
Financially, Cisco continues to perform robustly with substantial investments in R&D, strategic acquisitions, and partnerships. In Q3 FY 2024, Cisco reported revenue of $12.7 billion, demonstrating resilience and adaptability in a dynamic market environment. The acquisition of Splunk, a leading data platform, further strengthens Cisco’s product portfolio and market position.
With a workforce of 80,000 employees across 90 countries, Cisco's global reach is vast. The company outsources its manufacturing but maintains a substantial sales and marketing team to drive global sales. Key partnerships with tech giants like NVIDIA further bolster Cisco's capabilities in AI and cybersecurity.
Overall, Cisco Systems, Inc. is a powerhouse in digital communications, continuously innovating to meet the evolving needs of its customers while maintaining a strong commitment to sustainability and corporate responsibility.
Cisco has introduced AI-powered enhancements to its self-hosted observability offerings, enabling automated anomaly detection, root cause analysis, and application security. The new virtual appliance for AppDynamics On-Premises provides customers with greater control over their observability deployment while benefiting from AI-driven intelligence. The company also offers a new licensing model, AppDynamics Flex, allowing customers to choose between self-hosted and SaaS observability solutions to meet their business needs.
Cisco, along with the NIIT Foundation, has launched Cyber Suraksha in India to raise awareness about cybersecurity and provide training programs. The initiative aims to impact one million individuals over three years, offering courses for different age groups targeted at personal security, career exploration, and employability in cybersecurity. The program has already trained 500,000 individuals and placed over 3,300 youth in cybersecurity jobs, with 42% of participants being female.
Cisco has scheduled a conference call to announce its third quarter fiscal year 2024 financial results on May 15, 2024. The call will provide insights into the company's performance for the period ending April 27, 2024, and will be available for both national and international participants.
Cisco announced new industry-shaping innovations across the Cisco Security Cloud to enhance security in the digital landscape. With the industry's first AI-native security architecture, customers can now protect against known and unknown attacks using Cisco Hypershield. The integration of Cisco and Splunk offers powerful tools for the Security Operations Center (SOC) of the future, enabling organizations to detect, respond, and recover faster from incidents. Cisco is revolutionizing security by building natively with AI, challenging traditional conventions to outpace attackers. The company is helping customers defend against the entire attack chain and delivering frictionless user protection with Continuous Identity Security.
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