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.
Cisco will host a webcast on June 23, 2022, featuring J.P. Morgan and Jeetu Patel, discussing solutions for Hybrid Work. The event will be moderated by CFA Samik Chatterjee and will not include new financial information. Interested participants can access the webcast at Cisco's Investor Relations website. A replay will be available for one month post-event. Cisco is a leader in technology that powers the Internet, transforming infrastructure and securing data for a global future.
Cisco's Board of Directors has declared a quarterly cash dividend of $0.38 per common share, scheduled for payment on July 27, 2022. This dividend will benefit stockholders of record as of July 6, 2022. The upcoming dividend is consistent with the previous dividend amount, reflecting Cisco's commitment to returning income to shareholders. It serves as a positive indicator of the company's financial health and shareholder confidence.
Cisco has introduced its strategic vision for the Cisco Security Cloud, a comprehensive and open security platform for hybrid multi-cloud environments. This platform aims to provide seamless integration, ensuring resilience and connectivity for organizations of all sizes. Key innovations include continuous trusted access, a unified Secure Access Service Edge (SASE) solution, and custom threat research through Talos Intel On-Demand. The initiatives underscore Cisco's commitment to enhancing security amidst the evolving threat landscape.
Cisco will participate in several financial conferences in June 2022, including the Bank of America Securities 2022 Global Technology Conference on June 8 and the Nasdaq Investor Conference on June 14. These events will be accessible via webcasts on Cisco's Investor Relations website. Key executives, including Liz Centoni and Scott Herren, will represent the company during these sessions, which aim to engage with the financial community and share strategic insights. For more details, visit investor.cisco.com.
Cisco reported Q3 FY 2022 results with $12.8 billion in revenue, flat year-over-year. GAAP EPS increased by 7% to $0.73, while Non-GAAP EPS rose 5% to $0.87. Product orders grew 8% year-over-year, indicating strong demand, with Annualized Recurring Revenue (ARR) at $22.4 billion, up 11%. However, Q4 guidance anticipates a revenue decline of (1)% to (5.5)% year-over-year and GAAP EPS between $0.60 to $0.70. The ongoing impacts of Covid and geopolitical tensions were noted as challenges.
Cisco has announced a conference call on May 18, 2022, at 1:30 PM PT to discuss its Q3 FY2022 financial results for the period ending April 30, 2022. The financial results will be released after market close via PR Newswire. Investors can listen to the call by phone or online at investor.cisco.com. A replay will be available from 4:00 PM PT on the same day until May 25, 2022.
Cisco has unveiled predictive networking technology, enabling IT teams to foresee application issues effectively. After two years of development and customer trials, this technology enhances network reliability and user experience. Cisco plans to integrate these predictive capabilities into its SaaS offerings, making them accessible to businesses of all sizes. As organizations face increasing network demands, this innovation aims to prevent costly disruptions and ensure optimal performance, critical for maintaining customer satisfaction and productivity in the digital era.
Cisco will participate in the J.P. Morgan 50th Annual Global Technology, Media & Communication Conference on May 23, 2022, at 12:10 p.m. PT. The session will be webcasted, with access available on Cisco's Investor Relations website. This event underscores Cisco's ongoing engagement with the financial community and aims to provide insights into its business strategy and market position. Interested parties can find more information on Cisco's Investor Relations page.
Relay Robotics, Inc. announces a successful $10 million Series A financing and has acquired Savioke, enhancing its robotic service offerings. Michael O'Donnell has been appointed as Chairman & CEO, with Savioke's co-founder, Steve Cousins, becoming CTO. The Relay robots, deployed at major hotels and healthcare facilities, aim to leverage the growing hospitality market projected to reach $6.7 trillion by 2026. Relay Robotics focuses on integrating AI to address labor shortages in service industries while enhancing operational efficiencies.
Comcast Business has expanded its partnership with Cisco to include Cisco SD-WAN powered by Viptela, enhancing its managed SD-WAN solutions portfolio. This collaboration aims to provide enterprise customers with comprehensive global secure networking options, addressing evolving cybersecurity needs driven by new work models post-pandemic. The service facilitates simplified network management and supports hybrid work environments, integrating advanced security features like SASE and zero trust. This expansion positions Comcast Business to better serve enterprises' unique infrastructural requirements.