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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 Systems Inc. announces its support for Akvo, an organization focused on improving data services and technology in the water, agriculture, and climate sectors. Through innovative approaches, Akvo aims to enhance the decision-making processes for development partners globally. The initiative explores hybrid data collection methods, integrating traditional in-person strategies with remote technologies like USSD and mobile surveys, improving efficiency, and enabling continuous community engagement. A pilot project in Kenya demonstrates the effectiveness of this hybrid model, utilizing radio to gather community input and provide real-time data updates. Cisco plans to expand this initiative to support additional partners in the upcoming year, highlighting the commitment to advancing sustainable development through technology.
Cisco Systems is celebrating National Volunteer Month, highlighting its longstanding partnership with Habitat for Humanity. Since the 1990s, Cisco employees have engaged in volunteer efforts, contributing over 250,000 hours and providing considerable cash and technology grants to support Habitat's mission. As of Fiscal Year 2022, they have assisted more than 173 Habitat affiliates worldwide. Volunteer testimonials emphasize the personal and community benefits of participation, showcasing how building homes fosters connections among employees and local families. Cisco encourages others to get involved by raising awareness, volunteering, and donating to Habitat, which has aided over 46 million people since its inception in 1975.
Cisco has introduced its Extended Detection and Response (XDR) solution at RSA Conference 2023, enhancing security operations in a complex cyber landscape. The new XDR platform utilizes evidence-backed automation to prioritize and remediate security incidents efficiently. Additionally, Cisco's Duo MFA is now equipped with advanced features to combat multi-factor authentication attacks. Set for general availability in July 2023, Cisco XDR integrates telemetry from critical sources, offering rapid incident response capabilities. Furthermore, effective access management is emphasized through the inclusion of Trusted Endpoints in all Duo editions, enhancing organizational security across hybrid environments.
Cisco has announced a strategic partnership with Bennett College to enhance opportunities for women of color in technology. This initiative is part of Cisco's $150 million commitment under Social Justice Action 8 focused on supporting Historically Black Colleges and Universities (HBCUs). Efforts include establishing a Networking Academy at Bennett, enhancing network security, and providing mentorship and job shadowing opportunities for students. Recently, a successful event titled Women in Cisco featured a panel of successful women from Cisco, aimed at inspiring Bennett's liberal arts students. This collaboration emphasizes the importance of including diverse backgrounds in the tech field, equipping students with skills and insights beneficial for their career paths.
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