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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's new initiative focuses on empowering global progress through secure and meaningful connections, especially during a historic year of global elections. This includes partnerships with the European Parliament's 'Use Your Vote' campaign and the launch of 'Ten Tech Policies to Power the Future,' which aims to promote collaboration in areas like AI, cybersecurity, and digital literacy. Cisco is also dedicated to election security, advocating for safer democratic processes through enhanced connectivity and information sharing. Additionally, Cisco's programs like the Networking Academy and Cisco Hypershield highlight their commitment to global internet access and cybersecurity.
Cisco's recent press release focuses on the critical importance of resilient ecosystems for environmental sustainability. It highlights how resilient ecosystems can withstand, recover from, and adapt to both natural and human-induced changes such as climate change, pollution, and deforestation. Cisco emphasizes the interconnectedness of ecosystems and human communities and underscores the role of biodiversity in supporting economic growth and stability.
As part of its Plan for Possible, Cisco is investing significantly in regenerative technologies and climate-focused initiatives. The Cisco Foundation's $100 million climate impact initiative supports resilient ecosystems through grants, impact investments, and educational programs. Partnerships, like those with Mercy Corps, aim to enhance climate adaptation efforts, especially in regions severely affected by environmental changes, such as the Horn of Africa.
Cisco's efforts also include community resilience and workforce development, supporting organizations like DOT and Pachamama Alliance to advance environmental education and local climate action skills. The press release underscores the need for a collaborative approach to build a sustainable and equitable future.
Cisco (NASDAQ: CSCO) and Splunk unveiled a new Unified Observability Experience at Cisco Live on June 5, 2024. This integration combines Cisco's network visibility with Splunk's log analytics and observability capabilities to provide unified visibility across on-premises, hybrid, and multi-cloud environments. Key innovations include the introduction of Splunk Log Observer Connect for Cisco AppDynamics, integration of Cisco AppDynamics with Splunk IT Service Intelligence (ITSI), and expanded hosting on Microsoft Azure. New AI-driven insights, such as Cisco AI Assistant for AppDynamics and advanced AI in Splunk ITSI, aim to enhance decision-making and IT health visibility. These integrations are designed to improve troubleshooting, reduce blind spots, and streamline workflows, with general availability slated for Q3 2024.
Cisco Live 2024 introduces AI-powered innovations to enhance digital resilience by integrating advanced networking, security, and observability. Cisco also unveils a $1B Global AI Investment Fund to propel industry innovation. Keynote speakers include Cisco CEO Chuck Robbins and Tom Brady.
New solutions include Cisco Nexus HyperFabric AI clusters with NVIDIA, AI-native Digital Experience Assurance from ThousandEyes, and AI-enhanced security with Hypershield. Cisco's acquisition of Splunk enhances real-time insights and observability, while AI advancements in Webex improve hybrid work solutions.
Furthermore, Cisco launches AI training for partners and a new vendor-agnostic AI certification to foster an AI-ready workforce.
Cisco (NASDAQ: CSCO) and NVIDIA have launched the Cisco Nexus HyperFabric AI clusters, a new AI infrastructure solution designed to simplify the deployment and management of generative AI applications. The solution integrates Cisco's AI-native networking and NVIDIA's accelerated computing and AI software, delivering comprehensive cloud management capabilities. This allows enterprises to build and run AI models without extensive IT expertise.
The Cisco Nexus HyperFabric AI clusters feature a unified fabric with Cisco's Ethernet switching, NVIDIA's Tensor Core GPUs, and VAST's data storage platform. The solution offers automated, cloud-managed operations, aiming to enhance IT efficiency and AI-driven innovation. Select customers will have early trial access by Q4 2024, with general availability expected shortly after.
Additionally, Cisco is introducing AI skills training and certifications for partners and IT professionals to support the deployment and management of AI infrastructures.
On June 4, 2024, at Cisco Live in Las Vegas, Cisco (NASDAQ: CSCO) announced new Cisco ThousandEyes capabilities aimed at enhancing Digital Experience Assurance. These innovations utilize robust telemetry data and AI-native technology to provide comprehensive visibility across both owned and unowned environments. Cisco's approach enables proactive insights and automated actions, significantly improving IT operations. According to a Forrester Consulting study, organizations using ThousandEyes reported a 50-80% reduction in issue resolution time and a more than 50% boost in IT productivity. Key announcements include ThousandEyes Cloud Insights for public cloud environments, ThousandEyes Traffic Insights for on-premises networks, and enriched Meraki Wi-Fi telemetry with ThousandEyes Endpoint Experience. These advancements aim to streamline operational workflows and enhance user experience across diverse network conditions.
Cisco has announced a $1 billion global AI investment fund aimed at expanding and developing secure, reliable AI solutions. The fund is part of Cisco's strategy to connect and protect the AI era, with initial investments in startups like Cohere, Mistral AI, and Scale AI. Nearly $200 million has already been committed. This initiative aligns with Cisco's long-standing strategy of driving innovation through investments and partnerships. Cisco aims to leverage generative AI to enhance its products and services while collaborating with AI companies on product development. This move is part of Cisco's broader effort to integrate AI across its portfolio and position itself as a leading strategic partner in the AI space.
Cisco has announced significant enhancements to its Security Cloud Vision, leveraging AI and industry partnerships. Notable advancements include the Cisco Hypershield, now supporting AMD Pensando Data Processing Units (DPUs) and Intel infrastructure processing units (IPUs), aiming to bolster application and network anomaly detection.
The new Cisco Firewall 1200 Series offers up to three times the performance of comparable firewalls, reducing the need for multiple devices at enterprise branch locations. The Security Cloud Control, an AI-native management architecture, will soon unify the management of Cisco’s network security solutions.
Integration with Splunk enhances Cisco’s telemetry capabilities, providing better threat detection. Collaborations with Google aim to strengthen zero-trust architecture for browser-based security. These developments underscore Cisco’s commitment to adaptive, AI-driven security solutions.
Lenovo and Cisco have announced a global strategic partnership to accelerate digital transformation for businesses. They aim to deliver integrated infrastructure and networking solutions, focusing on generative AI and digital workplace productivity. The partnership includes the integration of Cisco’s Nexus ecosystem with Lenovo’s edge-to-cloud portfolio.
The Memorandum of Understanding (MoU) outlines plans for co-engineering solutions that enhance AI innovation and offer a single interface for network management. Benefits include faster innovation, improved security, and flexible implementation.
The collaboration will also leverage a network of channel partners to broaden customer choice and streamline digital transformation efforts.
Cisco has announced its participation in key financial events in June 2024. On June 4, 2024, from 1:00 – 5:10 pm PT, Cisco will host an Investor Day at Cisco Live US in Las Vegas. The event will feature presentations from CEO Chuck Robbins, CFO Scott Herren, and other executives. It will also be webcast on Cisco's Investor Relations website. Additionally, on June 6, 2024, at 10:40 am PT / 1:40 pm ET, EVP and General Manager Jeetu Patel will speak at the BofA Securities Global Technology Conference 2024. This event will also be webcast with a replay available later, but no new financial information will be discussed.
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