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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 announced its participation in the Credit Suisse 26th Annual Technology Conference scheduled for November 29, 2022, at 10:40 a.m. PT. Senior Vice President, Kip Compton, will represent the company during this event. Interested investors can view the session via Cisco's Investor Relations website.
Cisco has announced a conference call scheduled for November 16, 2022, at 1:30 PM PT to discuss its Q1 fiscal year 2023 financial results, covering the period ending October 29, 2022. Financial results will be released via PR Newswire after market close on the same date. Interested listeners can join via telephone or internet; a playback option will be available from November 16 to November 23, 2022. Cisco, listed under the ticker CSCO, is recognized as a leader in internet technology.
Ribbon Communications announced the launch of Ribbon Connect for Webex, enhancing the ability of telecom providers to offer telephony services globally. This SaaS solution simplifies the integration with Webex Calling, facilitating faster access to new revenue streams for service providers. It is designed to reduce the complexity and costs associated with cloud migrations, providing customers with a wider range of PSTN options. The collaboration aims to empower service providers to retain clients moving to cloud-based solutions.
Cisco has expanded its partner program by introducing six new solution specializations, reflecting current customer demands and market opportunities. These specializations cover areas such as hybrid cloud, hybrid work, and secure access service edge (SASE). This evolution aids partners in identifying their expertise and offers customers a clearer selection process when choosing partners. The move aims to enhance competitiveness and recognizes the significance of multi-architectural knowledge. Cisco emphasizes the importance of specialization, noting that it is the top criterion for 74% of customers.
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.
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