Cisco Sys Inc - CSCO STOCK NEWS

JPIX partners with Cisco and Qwilt to enhance streaming in Japan by deploying the Edge Cloud for Content Delivery solution. This collaboration combines Qwilt’s open caching technology with Cisco’s edge infrastructure, improving the quality of live streaming and video-on-demand services. J-Stream, Japan's leading online video platform, will be among the first to utilize this solution. The partnership aims to optimize content delivery, increase capacity, and meet the growing demand for high-quality media experiences across Japan.

The Security Outcomes Report, Volume 3 by Cisco reveals that 62% of organizations faced security incidents affecting operations in the past two years. Key findings stress that 96% of executives prioritize security resilience, making it critical for business continuity. The report identifies seven success factors for achieving resilience, emphasizing executive support and a strong security culture. Companies employing advanced measures like Zero Trust and extended detection capabilities reported significant improvements in resilience scores, highlighting the importance of strategic security investments.

The inaugural season of UNDERRATED Golf, launched by Stephen Curry, concluded successfully with the Curry Cup on August 30, 2022, at TPC Harding Park, naming Ashley Shaw and Roman Solomon champions. This initiative, aimed at empowering underrepresented youth in golf, involved support from significant corporate partners, including CDW and Cisco, providing training and equipment to 136 junior golfers. The program also addresses gender equity in sports, focusing on educational opportunities and career-building courses through Curry's upcoming 'Curry Academy'.

Cisco (NASDAQ: CSCO) is set to hold its 2022 Virtual Annual Meeting of Stockholders on December 8, 2022, at 8:00 a.m. PST. This meeting will be accessible via audio webcast, featuring a participation opportunity for stockholders of record as of October 15, 2022. Attendees can vote and ask questions online. To join, visit here. A replay will also be available on Cisco's Investor Relations website. For further details, download the Annual Report and Proxy.

Cisco AppDynamics has launched new capabilities within AppDynamics Cloud designed to enhance observability for cloud-native applications in correlation with business context. This update will initially focus on applications running in AWS environments, enabling IT teams to address potential issues and optimize performance efficiently. A survey indicated that 71% of IT professionals recognize a need for improved observability in their organizations. These updates aim to streamline operations and enhance the value derived from AWS services.

Cisco has announced its participation in key financial conferences in December 2022. Notable sessions include the Raymond James Technology Investors Conference on December 6 at 6:45 a.m. PT, featuring Kip Compton, and the Barclays Global Technology, Media and Telecommunications Conference on December 7 at 12:10 p.m. PT, with Bill Gartner as a speaker. Interested parties can view the events via Cisco's Investor Relations website. This activity highlights Cisco's ongoing engagement with the financial community.

Insight Enterprises has been awarded three prestigious titles by Cisco for 2022: Americas Commercial Partner of the Year, USA East Innovation Partner of the Year, and Canada SMB Partner of the Year. These accolades highlight Insight's commitment to innovative business practices and successful collaboration with Cisco in critical areas like cybersecurity and digital transformation. Insight is also recognized for its dedication to environmental sustainability through Cisco's global certification. The awards reflect Insight's ongoing ambition to be a leading solutions integrator in the modern digital landscape.

Cisco reported Q1 FY 2023 revenue of $13.6 billion, a 6% increase year over year, with non-GAAP EPS at $0.86, up 5%. GAAP EPS declined 7% to $0.65. Annualized recurring revenue rose 7% to $23.2 billion, with product ARR growing 12%. Remaining performance obligations reached $30.9 billion, up 3%. Guidance for Q2 FY 2023 indicates revenue growth of 4.5% to 6.5% and GAAP EPS of $0.59 to $0.64. Cisco aims to optimize its operations amid a restructuring plan, projecting $600 million in charges.

Team PoliMOVE won The Indy Autonomous Challenge Powered by Cisco at the Texas Motor Speedway on November 11, 2022, in a race featuring six autonomous teams. The competition showcased speeds exceeding 140 mph despite challenging weather conditions. Prof. Sergio Savaresi highlighted the critical AI driver maneuvers during the race, essential for future autonomous vehicle safety. Cisco's technology facilitated vital in-vehicle connectivity. The event attracted 1,800 STEM students, reinforcing Cisco's commitment to inspiring the next generation of innovators.