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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 (NASDAQ: CSCO) has unveiled an expanded Secure Access Service Edge (SASE) architecture aimed at simplifying networking and security operations. The new SASE offering allows organizations to purchase all components in a single package, facilitating an easy transition to a unified subscription model. Enhancements to the SecureX platform are also introduced, significantly reducing the time to detect and remediate security threats by up to 95%. These innovations address the rising challenges of remote work and security management, making it simpler for organizations to secure their networks and data.
Cisco hosted its annual Cisco Live! event on March 30, 2021, with over 100,000 attendees expected from 200+ countries. The digital format focuses on innovation and collaboration amidst ongoing hybrid work trends. CEO Chuck Robbins highlighted technological advancements aimed at enhancing connectivity, security, and automation for organizations. Significant announcements included the integration of ThousandEyes for enterprise observability, an expanded SASE architecture, and the introduction of Cisco Plus, a flexible solution-as-a-service.
Cisco has unveiled Cisco Plus, its new as-a-service strategy aimed at providing flexible IT procurement solutions for businesses. This initiative focuses on Network-as-a-Service (NaaS), offering features such as secure access service edge (SASE), simplified consumption, and unified subscriptions. The rollout will initially include a hybrid cloud solution available mid-year 2021, targeting markets in Australia, Canada, Germany, the Netherlands, the UK, and the U.S. Cisco aims to transform how customers access and utilize its technology, enhancing digital agility in a cloud-first environment.
Cisco has announced its strategy to reshape internet infrastructure for the 5G era, focusing on creating a more accessible and efficient network globally. Collaborating with leading service providers, Cisco aims to redesign networks to accommodate an anticipated 29.3 billion connected devices by 2023. Their new Routed Optical Networking solution promises savings of up to 46% in total costs. Notable innovations include the Cloud Native Broadband Network Gateway and advancements in Cisco Silicon One, enhancing operational efficiency and network performance.
Cisco announced new software solutions during Cisco Live on March 30, 2021, aimed at enhancing network visibility for technology teams. By integrating ThousandEyes internet intelligence with AppDynamics and its Catalyst switching family, Cisco enables customers to address critical issues across digital applications and services effectively. This move comes in light of increased reliance on SaaS and cloud services, providing actionable insights to ensure seamless user experiences. Notably, customers with Catalyst 9300/9400 will access ThousandEyes at no extra cost starting early April.
Cisco has announced the launch of Duo passwordless authentication, which allows users to securely log into cloud applications without needing passwords. This feature, part of Cisco's zero trust platform, enhances security by using security keys or biometrics. Available for public preview in summer 2021 and general availability by year-end, this innovation aims to eliminate the risks associated with password management, reducing IT support costs and boosting productivity. The solution integrates with existing authentication systems, thus facilitating a smoother transition for enterprises.
SAN JOSE, Calif., March 22, 2021 – Cisco's Accelerating Digital Agility Research highlights the core priorities for IT success, with a focus on security, collaboration, and the cloud. Key findings reveal that 56% of IT decision makers are investing in cloud applications and network security, while 89% prioritize maintaining security across distributed workforces. Additionally, 73% have adopted 'as a Service' solutions to enhance user experience. The survey reflects a global perspective, gathering insights from over 23,000 IT leaders across 34 markets.
Cisco appointed Marianna Tessel to its board of directors effective March 5, 2021. Tessel brings extensive leadership experience in technology and software, previously serving as CTO at Intuit and holding key positions at Docker and VMware. Her appointment expands Cisco's board to 11 members. Tessel's background in software solutions is expected to align with Cisco's strategy for enhancing customer support as businesses navigate digital transformations.
Cisco announced the preview launch of a new real-time translation feature for Webex, allowing translations from English to over 100 languages. This innovation aims to enhance collaboration in a global workforce, eliminating language barriers. Existing support expanded from 10+ languages to a wide range including Arabic, French, and Spanish. The feature also offers businesses significant cost savings, replacing third-party translation services, which average $172 per meeting. The full rollout is expected in May 2021.
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