Welcome to our dedicated page for Cisco Systems news (Ticker: CSCO), a resource for investors and traders seeking the latest updates and insights on Cisco Systems stock.
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 Security Cloud continues to gain traction as announced during the Partner Summit, showcasing enhanced capabilities aimed at enhancing productivity and protection for organizations. Monthly multi-factor authentications surged by 38% year-on-year, signaling a strong focus on securing corporate resources. Cisco's investment in channel programs is designed to simplify operations for partners, making it easier for them to drive profitability. Innovations like Duo Passwordless Authentication and the Secure Firewall 3105 are key highlights, addressing increasing cybersecurity challenges.
Caller ID Reputation has expanded its partner ecosystem by integrating with Webex Calling, enhancing user visibility into business call scores.
This integration allows users to monitor outbound phone numbers and receive real-time notifications when numbers are flagged, improving brand integrity and call deliverability. Statistics show flagged numbers for businesses increased significantly, from 11% to 29%, following STIR/SHAKEN implementation. The integration is available for all Caller ID Reputation plans effective immediately.
The Cisco Partner Summit 2022, taking place from November 1-3 in Las Vegas, gathers thousands of global partners to discuss program updates and technology innovations. Cisco emphasizes its channel-led growth strategy, as 90% of its revenue flows through partners. Key innovations include advancements in security, an API-first strategy, and enhanced customer experience services. Cisco also aims to foster inclusivity through collaborative projects with partners, targeting digital inclusion and environmental sustainability.
Cisco (NASDAQ: CSCO) has announced enhancements to its Webex Customer Experience (CX) portfolio, integrating UCaaS, CCaaS, and CPaaS offerings for improved omnichannel customer journeys. This development was revealed at WebexOne 2022. Webex CX combines Webex Connect and Webex Contact Center, leveraging AI to enhance engagement through 16+ digital channels and improve agent experiences. Key features include AI-driven background noise reduction and seamless integrations with platforms like Microsoft Teams and Salesforce. These innovations aim to boost brand loyalty and operational efficiency for businesses.
Cisco (NASDAQ: CSCO) launched key updates at WebexOne 2022, enhancing its Webex Suite for hybrid work. Innovations include new collaboration devices and partnerships, notably with Microsoft for Teams integration. Aimed at improving user experiences, Cisco introduced features like audio watermarking and real-time occupancy insights through Webex Control Hub integration with Cisco Spaces. With 98% of meetings expected to have remote attendees, Cisco's focus is on seamless collaboration across platforms, supporting varied work styles and security needs.
The Indy Autonomous Challenge (IAC) introduced the Cisco STEM Zone, aiming to engage North Texas STEM students at the Texas Motor Speedway on
Experis, part of ManpowerGroup (NYSE: MAN), has partnered with Cisco (NASDAQ: CSCO) to provide IT training globally for various learners, aiming to support those transitioning into IT roles. Amid a talent shortage where over 75% of IT employers struggle to fill positions, this initiative seeks to train and place over 1,000 individuals in IT jobs within the first year. Courses will cover essential areas like Cybersecurity and Programming. The collaboration features the Experis MITEY Matcher, an AI job platform to help users connect their new skills with employment opportunities.
Red Cell Partners has appointed Wesley G. Bush as Director and Advisor, enhancing its leadership team. Bush, who previously served as Chairman and CEO of Northrop Grumman, brings extensive experience in finance, public policy, and cybersecurity. His role is expected to strengthen Red Cell's connection to the defense and healthcare sectors, aimed at developing innovative solutions to pressing national issues. Red Cell focuses on rapidly scalable technology-led companies to address significant challenges, leveraging Bush's expertise to advance their mission.
Vodafone Turkey has announced a partnership with Cisco and Qwilt to enhance its live streaming and media services for approximately 25 million subscribers across Turkey. This collaboration aims to improve content delivery and streaming quality by utilizing Qwilt’s Open Edge Cloud solution, allowing for better service scalability and cost efficiency. The partnership is compliant with the Streaming Video Technology Alliance's Open Caching guidelines, positioning Vodafone Turkey to meet growing demand for digital media while enhancing user experience.
Microsoft and Cisco announced a partnership to enable the running of Microsoft Teams natively on Cisco’s Room and Desk devices, enhancing customer choice in hybrid work environments. This integration, set for early 2023, will allow customers to set Teams as the default experience while maintaining support for Webex meetings. Initial offerings include six Cisco devices certified for Microsoft Teams, along with high-quality video technology from Cisco. This collaboration aims to improve the digital workplace by providing reliable, intelligent meeting solutions.
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