Cisco Systems, Inc. - CSCO STOCK NEWS

Cisco's Partner Summit 2021 revealed significant innovations aimed at addressing the complexities of hybrid work environments. Key announcements included the launch of ThousandEyes Application Outages for proactive SaaS outage management and the introduction of a public Internet Outages Map. These tools aim to enhance visibility into application performance across diverse cloud environments. Cisco emphasized a partner-first approach, focusing on simplifying technology management for businesses adapting to hybrid work models, thus reinforcing its leadership in networking and security.

At Cisco's Partner Summit 2021, the company announced a new Enterprise Agreement (EA) to streamline software purchasing for partners and customers. This initiative is aimed at enhancing digital transformation and boosting software revenue. The EA simplifies access across five portfolios, reduces minimum spend requirements, and allows organizations to manage licenses more efficiently. Additionally, Cisco Capital financing options are introduced to mitigate credit risks. The EA is set to be available through selected partners with broader access planned for early 2022.

Cisco has announced a conference call scheduled for November 17, 2021, at 1:30 PM PT to discuss its Q1 FY2022 financial results for the period ending October 30, 2021. The financial results will be released via PR Newswire, and a live audio broadcast will be available online. Investors can access the replay starting 4:00 PM PT on the same day through November 24, 2021. Cisco continues to be a leader in technology, aiming to empower teams and secure data for a global future.

Cisco and Bang & Olufsen have collaborated to produce the Bang & Olufsen Cisco 980, a luxury headset aimed at hybrid workers. This headset features advanced integrations with Webex, Adaptive Active Noise Cancellation, and enhanced comfort for prolonged use. The Cisco 980 also supports Bluetooth 5.1 and enterprise-grade management capabilities. Priced at $549, it aims to blend high-end audio quality with robust functionality for seamless communication in hybrid work settings, set to launch in early 2022.

Cisco has introduced Webex Hologram, a groundbreaking hybrid work collaboration product that integrates augmented reality (AR) with virtual meetings. This solution enables real-time, photorealistic holograms, enhancing remote training and hands-on collaboration.

Webex Hologram addresses the growing demand for flexible work arrangements, allowing participants to engage in immersive experiences without geographic barriers. It supports multiple users and is compatible with leading AR headsets, setting a new standard in virtual interactions.

On October 26, 2021, Cisco (NASDAQ: CSCO) unveiled over 1,000 new features for its Webex suite, enhancing hybrid work experiences. Key innovations focus on equal participation and seamless collaboration across various video platforms, including Zoom and Microsoft. Webex's new audio and visual capabilities aim to promote inclusivity and assist teams in tackling fatigue. Additionally, hybrid event management tools are introduced, allowing organizations to host large-scale events with enhanced attendee engagement. The launch aligns with Cisco's commitment to powering inclusive and effective hybrid work environments.

Lumen Technologies (LUMN) and Cisco (CSCO) have expanded their partnership to introduce the Lumen Solutions for Cisco Unified Communications Manager Cloud. This collaboration aims to enhance remote and hybrid work environments by providing advanced, cloud-based communication solutions. Key benefits include a five-year ROI of 497%, a 62% reduction in operational costs, and a significant decrease in unplanned downtime. The solution is designed to support businesses in maximizing their existing UC&C investments without hefty capital outlays.

Cisco announces its partnership with COP26, the UN Climate Change conference in Glasgow, from October 31 to November 12, 2021. The company will provide secure technology for in-person and virtual connectivity via Webex, facilitating inclusive discussions for over 3,000 sessions. This initiative supports critical climate negotiations and enhances accessibility for global policymakers. Cisco's technology, including solutions from its partners, aims to create a seamless experience for attendees, showcasing its commitment to sustainability and inclusivity during vital talks on the future of climate policy.

Cisco announced changes to its revenue reporting categories effective Q1 FY 2022, which will align with strategic priorities. The new categories include Secure, Agile Networks, Hybrid Work, End-to-End Security, Internet for the Future, Optimized Application Experiences, Other Products, and Services. This change is aimed at enhancing clarity in financial reporting. Additionally, Cisco will present Annual Recurring Revenue (ARR) net of rebates and certain adjustments, reflecting a more accurate run-rate of subscriptions and contracts. These changes will be discussed in the upcoming Q1 FY 2022 conference call.