Cisco Systems, Inc. - CSCO STOCK NEWS

World Wide Technology (WWT) has been awarded the Global Collaboration Partner of the Year and Webex Global Partner of the Year at the Cisco Partner Summit 2024. These prestigious recognitions highlight WWT's excellence in delivering innovative solutions and digital experiences. The company received a total of 15 honors, including multiple regional awards across Americas, EMEA, and APJC regions.

The awards span various categories including Data Center, Public Sector, Enterprise, and Federal Defense partnerships. Bob Olwig, EVP of Global Partner Alliances at WWT, emphasized their 25-year partnership with Cisco and commitment to delivering transformative solutions. Cisco's SVP Rodney Clark praised WWT's outstanding global accomplishments under the summit theme 'Forward as One'.

Softchoice has been awarded Cisco Canada's Commercial Impact Partner of the Year at Cisco Partner Summit 2024. The award recognizes Softchoice's excellence in serving commercial customers across Canada. As one of Cisco Canada's largest commercial partners, Softchoice holds both Gold Integrator and Gold Provider designations, reflecting their 20+ year partnership. The company previously won Cisco Canada's Application Resiliency Partner of the Year award in 2023 for their work with Cisco Intersight, ThousandEyes, and AppDynamics solutions.

Cisco's 2024 Consumer Privacy Survey reveals growing privacy awareness and its impact on AI trust. 53% of consumers are now aware of privacy laws, with informed consumers feeling more confident about data protection (81% vs 44%). While 63% believe AI can improve their lives, concerns persist about data security in Generative AI applications.

The survey shows GenAI usage has nearly doubled to 23%, though 44% remain unaware of it. Despite 84% expressing concerns about data exposure, 30% of users still input personal information into GenAI tools. Younger adults (25-34) are more proactive about privacy, with 49% switching providers over data practices. 70% of consumers view privacy laws positively, with 77% supporting consistent global privacy rules.

Cisco (NASDAQ: CSCO) announces major AI infrastructure solutions, including new AI PODs and the UCS C885A M8 server family with NVIDIA accelerated computing. The plug-and-play AI PODs are pre-configured infrastructure stacks for specific AI use cases and industries, combining compute, networking, storage, and cloud management. The UCS C885A M8 servers, featuring NVIDIA H100 and H200 Tensor Core GPUs, are designed for high-density AI workloads. These solutions address the growing enterprise demand for AI infrastructure, as 89% of IT professionals plan to deploy AI workloads within two years, while only 14% report their infrastructure is currently AI-ready.

Cisco Systems and its foundation are supporting Bridges to Prosperity, a nonprofit organization, in developing AI models to help build bridges in isolated rural communities. The initiative, part of Cisco's One Billion Lives campaign, focuses on using artificial intelligence to strategically plan and map rural infrastructure development. The technology leverages public data to identify optimal locations for bridge construction, helping communities like Uganda's Bundimulinga village gain better access to essential services such as schools, healthcare, and markets.

Cisco (NASDAQ: CSCO) has announced its upcoming conference call scheduled for Wednesday, November 13, 2024, at 1:30 PM PT (4:30 PM ET) to discuss first quarter and fiscal year 2025 financial results for the period ending October 26, 2024. The financial results will be released after market close via PR Newswire. Investors can access the call via telephone or through a live audio broadcast with slides at investor.cisco.com. A replay will be available until November 19, 2024, through telephone and as an archived webcast on Cisco's Investor Relations website.

Cisco has announced its most significant partner program evolution in nearly 30 years with the new Cisco 360 Partner Program, launching in February 2026. The program aims to transform how Cisco and partners create value for customers, focusing on modernizing infrastructure, AI workloads, and security. Key features include an $80 million investment in partner training ($60M for skill development and certification, $20M for quarterly training), simplified partner designations (Cisco Partner and Cisco Preferred Partner), and a new AI-Ready Infrastructure Solution Specialization. The program introduces a 15-month transition period and measures partner value based on customer outcomes rather than transactions.

Cisco is contributing to modernizing energy infrastructure through digital innovations, addressing critical challenges faced by utilities including cybersecurity threats, aging infrastructure, and renewable energy integration. The company provides end-to-end solutions for utilities like CPFL Energia in Brazil and ScottishPower Renewables, offering products such as CyberVision, Extended Detection and Response (XDR), and Ultra-Reliable Wireless Backhaul. These solutions help utilities manage distributed renewable energy sources, optimize energy generation, and secure their networks against cyber threats while dealing with climate-driven disruptions.

Cisco Foundation highlights four partners working to support the transition to regenerative agriculture practices. The foundation committed $100 million over 10 years to fund climate solutions through nonprofit grants and impact investing. Partners include One Acre Fund, using remote sensing technology to support African farmers; Mad Agriculture, providing financial support to U.S. farmers; myAgro, developing mobile tools for West African farmers; and Miraterra, creating soil measurement technology. These initiatives aim to improve soil health, increase crop yields, enhance climate resilience, and support carbon sequestration while helping farmers overcome financial and administrative challenges in adopting regenerative practices.