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Cisco Systems, Inc. reports developments across enterprise networking, security, collaboration, observability and AI infrastructure. Company news commonly covers quarterly earnings schedules, investor conference participation, new security and networking products, AI deployment architectures, industrial and wireless research, and governance updates such as board appointments.
Recent updates also highlight Cisco's work on AI security, Secure AI Factory with NVIDIA, quantum networking research through the Cisco Universal Quantum Switch, and reports on operational technology, wireless networks and cybersecurity readiness.
Duke University, DISH Wireless, and Cisco have announced a collaboration to launch a neutral host network pilot aimed at higher education institutions, utilizing Citizens Broadband Radio Service (CBRS) shared spectrum.
This initiative allows schools to establish private LTE and 5G networks, enhancing connectivity for mobile and fixed wireless access. The pilot, slated for summer 2022, aims to provide a reliable wireless infrastructure across campus. The collaboration is part of Internet2's efforts to improve wireless technologies in higher education, focusing on transformative connectivity solutions.
Cisco has announced new innovations in Webex aimed at enhancing the hybrid work experience, including a partnership with Ford to create a mobile office. Webex Calling has reached 6 million users, highlighting the growing adoption of cloud calling solutions. Enhancements also include extending the Embedded App Framework to various devices, enabling seamless app integration, and reimagining workspaces with features that support flexible work styles. Additionally, Webex Events is partnering with CLEAR (NYSE: YOU) to streamline health protocols for hybrid events.
NetApp and Cisco unveiled FlexPod XCS, a platform enhancing hybrid cloud connectivity and automation for modern applications. FlexPod XCS integrates with leading cloud providers, offering operational flexibility through a pay-as-you-grow model. Key features include enhanced visibility via Cisco Intersight, comprehensive automation, and tailored cost structures. This innovation aims to streamline IT operations and modernize cloud services, reinforcing NetApp's and Cisco's commitment to delivering robust data management solutions.
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Cisco announced its participation in the Morgan Stanley Technology, Media and Telecom Conference on March 10, 2022, at 1:50 p.m. PT. The session, featuring Shaila Shankar, Senior VP and GM of the Security Business Group, will be available for webcast. This event highlights Cisco's ongoing engagement with the financial community and its commitment to transparency. Interested parties can access the webcast through Cisco's Investor Relations website.
Cisco and Rakuten Symphony have announced a strategic agreement to enhance 4G/5G mobile networks based on Open RAN technology. Signed during the Mobile World Congress in Barcelona on February 28, 2022, this MoU aims to help global service providers modernize network architectures. The collaboration builds on a four-year partnership that developed the first fully virtualized, cloud-native network for Rakuten Mobile. Key components include Cisco's mobile and automation solutions and Rakuten Symphony's orchestration applications.
Cisco announced its Private 5G as-a-Service at Mobile World Congress, aimed at reducing risks for enterprises managing private networks. Collaborating with ORAN vendors like Airspan and JMA, Cisco is currently conducting customer trials. The service integrates with existing WLAN systems and offers a pay-as-you-use model, enhancing financial transparency. Significant projects span various sectors, including education and manufacturing, showcasing the potential of 5G, IoT, and analytics in driving productivity.
Cisco has launched advancements to its IoT portfolio at the Mobile World Congress, enhancing the IoT Control Center to simplify the management of LPWAN/4G/5G IoT connectivity for service providers. The platform now supports nearly 200 million devices across licensed cellular networks, helping to address emerging use cases and reduce management complexity. This subscription-based service enables operators and enterprises to drive new revenue streams in the Mass IoT market.
Cisco will host a Tech Talk with Raymond James on February 28, 2022, at 6:00 am PT to discuss its Internet for the Future Business, focusing on its partnership in 5G and IoT. The session, led by Jonathan Davidson, Executive Vice President, will not cover new financial information. The event will be broadcast from Mobile World Congress in Barcelona and will also be available for replay for one month. Interested parties can register and find more details on Cisco's Investor Relations website.
Cisco reported Q2 FY 2022 revenue of $12.7 billion, representing a 6% year-over-year growth, with net income of $3.0 billion and GAAP EPS of $0.71 (up 18%) and Non-GAAP EPS of $0.84 (up 6%). The company also saw a robust total Annualized Recurring Revenue (ARR) of $21.9 billion. A 3% dividend increase was announced alongside a $15 billion stock repurchase authorization. Outlook for Q3 indicates 3-5% revenue growth and GAAP EPS of $0.70-$0.74. FY 2022 revenue guidance is 5.5%-6.5% growth.