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Cisco Systems, Inc. (CSCO) delivers essential networking infrastructure and cybersecurity solutions powering global digital transformation. This dedicated news hub provides investors and technology leaders with verified updates directly from Cisco and trusted financial sources.
Access real-time announcements including earnings reports, product innovations, and strategic partnerships. Stay informed about developments in enterprise networking, cloud security advancements, and AI-driven collaboration tools that define Cisco's market leadership.
Our curated collection features press releases, executive statements, and industry analysis covering critical areas: next-generation firewalls, Webex platform enhancements, sustainability initiatives, and supply chain innovations. Bookmark this page for reliable updates on Cisco's role in securing hybrid work environments and enabling 5G infrastructure worldwide.
Cisco announced its participation in the Morgan Stanley Technology, Media and Telecom Conference on March 8, 2023, at 8:00 a.m. PT. This event will be webcasted, and interested parties can access it via Cisco's Investor Relations website. Jonathan Davidson, Executive Vice President and General Manager at Cisco Networking, will lead the session.
Cisco, a leader in Internet technology, aims to inspire possibilities by reimagining applications, securing data, and transforming infrastructure for a global future.
Cisco (NASDAQ: CSCO) has partnered with Mercedes-Benz to integrate Webex Meetings and Calling into the new E Class vehicles, enhancing the mobile office experience for hybrid workers. This collaboration, announced at the Mobile World Congress on February 27, 2023, aims to provide drivers with a safe and secure collaboration environment. Features include enhanced audio with noise cancellation and a focus on safety during vehicle operation, allowing audio-only meetings when moving. The vehicles are set to arrive in dealerships this spring, equipped with Wi-Fi and cellular connectivity for Webex access.
On February 27, 2023, at Mobile World Congress in Barcelona, Cisco and T-Mobile introduced the Cisco Meraki MG51 and MG51E, marking Cisco's first 5G cellular gateways for fixed wireless access (FWA). These gateways aim to address common business challenges associated with wired broadband, offering simplified, scalable, and reliable network services powered by T-Mobile's extensive 5G network. With features like same-day connectivity, resilient WAN, and robust performance of up to 2 Gbps down, these solutions are designed to enhance customer experiences and operational efficiency across various business sizes.
Cisco unveiled new partnerships and technological innovations at the Mobile World Congress in Barcelona on February 27, 2023. Key collaborations with BT Group, KPN, Telenor, and others aim to simplify IoT deployments for enterprise customers.
The launch includes Cisco's Mobility Services platform and 5G Gateways for enhanced connectivity. A notable partnership with Mercedes-Benz introduces Webex to their E Class vehicles, promoting hybrid work. Cisco's Executive VP will speak on innovations in F1 racing with McLaren.
Cisco and NTT Ltd. announce a collaboration to enhance Private 5G adoption across various sectors like Automotive, Healthcare, and Retail. Together, they aim to innovate and provide managed services that seamlessly integrate Private 5G into existing infrastructures. Their Managed Private 5G solution will leverage Intel hardware, focusing on improving digital transformation for enterprise customers. Key developments include enabling Industry 4.0 capabilities such as predictive maintenance and machine vision. The partnership's goal is to offer a secure, efficient, and reliable private network solution, ultimately aiding businesses in achieving better operational outcomes.
Cisco has successfully concluded a five-year Technology for Impact partnership with Mercy Corps, reaching over 12 million people in 45 countries. The collaboration focused on enhancing humanitarian aid through digital solutions, showcasing significant achievements in program adaptation, operational efficiency, and increased institutional investments. Looking ahead, Cisco and Mercy Corps are launching new initiatives targeting climate adaptation and resilience, especially in the Horn of Africa. This expansion builds on previous successes, utilizing technology to address climate-related challenges and improve aid delivery.
Cisco Systems Inc. has marked the World Day of Social Justice by reflecting on its five-year commitment to social justice, which it initiated in 2020 with a pledge of US$300 million. This initiative was born out of the social unrest following high-profile incidents of racial injustice, leading Cisco to embed social justice within its business strategy. The company’s core belief is that social justice actions will drive business value, making it a critical differentiator. Cisco’s progress includes significant investments in Historically Black Colleges and Universities (HBCUs), enhancing technology and education opportunities, while also positioning the company as a talent magnet.
Cisco reported Q2 FY 2023 revenue of $13.6 billion, reflecting a 7% year-over-year increase. GAAP EPS was $0.67, down 6%, while Non-GAAP EPS rose 5% to $0.88. Annualized recurring revenue (ARR) grew 6% to $23.3 billion, with software revenue increasing 10% and software subscriptions up 15%. Remaining performance obligations (RPO) reached $31.8 billion, a 4% rise. For Q3, Cisco anticipates revenue growth of 11% to 13% and GAAP EPS of $0.74 to $0.79. A 3% increase in quarterly dividends was also announced.
Cisco Systems Inc. has outlined its commitment to sustainability, highlighting key goals and actions aimed at achieving a net zero greenhouse gas emissions target by 2040. The company plans to reduce emissions across its entire value chain by 90% compared to fiscal year 2019, with near-term targets approved by the Science Based Targets initiative. Key initiatives include improving product energy efficiency, reducing plastic use by incorporating 50% recycled content by 2025, and increasing the use of renewable electricity to 89% of global operations in 2022. Cisco also emphasizes the importance of e-waste recycling and has launched programs to facilitate product returns.
