Welcome to our dedicated page for Cisco Sys news (Ticker: CSCO), a resource for investors and traders seeking the latest updates and insights on Cisco Sys stock.
Cisco Systems, Inc. (NASDAQ: CSCO) regularly issues news and updates that highlight its role as a worldwide technology leader in networking, security, collaboration and observability, with a strong emphasis on the AI era. The CSCO news feed on Stock Titan aggregates these announcements so readers can follow how the company presents its strategy, technology developments and corporate actions over time.
Recent Cisco news releases focus heavily on artificial intelligence and digital infrastructure. Cisco has announced an AI Summit that brings together leaders involved in building the AI economy, reflecting its interest in AI’s impact on compute, infrastructure, design, the workforce and geopolitics. The company also reports on collaborations and investments across the AI landscape, such as its investment in spatial intelligence startup World Labs and a planned joint venture with AMD and HUMAIN to deliver large-scale AI infrastructure.
Cisco’s news also covers cybersecurity and digital resilience, including updates from Splunk, a Cisco company that focuses on security information and event management and security analytics. Additional releases discuss research on AI adoption and digital well-being conducted with the Organisation for Economic Cooperation and Development, highlighting generational and geographic divides in AI usage and the importance of digital skills and well-being.
Investors and followers of CSCO can use this news page to review Cisco’s earnings announcements, participation in financial conferences, annual meeting information, partnerships, research initiatives and product or infrastructure-related updates. By reading Cisco’s own disclosures in one place, users can better understand how the company describes its position in networking, security and AI, and how those themes evolve across time.
The inaugural season of UNDERRATED Golf, launched by Stephen Curry, concluded successfully with the Curry Cup on August 30, 2022, at TPC Harding Park, naming Ashley Shaw and Roman Solomon champions. This initiative, aimed at empowering underrepresented youth in golf, involved support from significant corporate partners, including CDW and Cisco, providing training and equipment to 136 junior golfers. The program also addresses gender equity in sports, focusing on educational opportunities and career-building courses through Curry's upcoming 'Curry Academy'.
Cisco (NASDAQ: CSCO) is set to hold its 2022 Virtual Annual Meeting of Stockholders on December 8, 2022, at 8:00 a.m. PST. This meeting will be accessible via audio webcast, featuring a participation opportunity for stockholders of record as of October 15, 2022. Attendees can vote and ask questions online. To join, visit here. A replay will also be available on Cisco's Investor Relations website. For further details, download the Annual Report and Proxy.
Cisco AppDynamics has launched new capabilities within AppDynamics Cloud designed to enhance observability for cloud-native applications in correlation with business context. This update will initially focus on applications running in AWS environments, enabling IT teams to address potential issues and optimize performance efficiently. A survey indicated that 71% of IT professionals recognize a need for improved observability in their organizations. These updates aim to streamline operations and enhance the value derived from AWS services.
Cisco has announced its participation in key financial conferences in December 2022. Notable sessions include the Raymond James Technology Investors Conference on December 6 at 6:45 a.m. PT, featuring Kip Compton, and the Barclays Global Technology, Media and Telecommunications Conference on December 7 at 12:10 p.m. PT, with Bill Gartner as a speaker. Interested parties can view the events via Cisco's Investor Relations website. This activity highlights Cisco's ongoing engagement with the financial community.
Insight Enterprises has been awarded three prestigious titles by Cisco for 2022: Americas Commercial Partner of the Year, USA East Innovation Partner of the Year, and Canada SMB Partner of the Year. These accolades highlight Insight's commitment to innovative business practices and successful collaboration with Cisco in critical areas like cybersecurity and digital transformation. Insight is also recognized for its dedication to environmental sustainability through Cisco's global certification. The awards reflect Insight's ongoing ambition to be a leading solutions integrator in the modern digital landscape.
Cisco reported Q1 FY 2023 revenue of $13.6 billion, a 6% increase year over year, with non-GAAP EPS at $0.86, up 5%. GAAP EPS declined 7% to $0.65. Annualized recurring revenue rose 7% to $23.2 billion, with product ARR growing 12%. Remaining performance obligations reached $30.9 billion, up 3%. Guidance for Q2 FY 2023 indicates revenue growth of 4.5% to 6.5% and GAAP EPS of $0.59 to $0.64. Cisco aims to optimize its operations amid a restructuring plan, projecting $600 million in charges.
Team PoliMOVE won The Indy Autonomous Challenge Powered by Cisco at the Texas Motor Speedway on November 11, 2022, in a race featuring six autonomous teams. The competition showcased speeds exceeding 140 mph despite challenging weather conditions. Prof. Sergio Savaresi highlighted the critical AI driver maneuvers during the race, essential for future autonomous vehicle safety. Cisco's technology facilitated vital in-vehicle connectivity. The event attracted 1,800 STEM students, reinforcing Cisco's commitment to inspiring the next generation of innovators.
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Cisco announced its participation in the Credit Suisse 26th Annual Technology Conference scheduled for November 29, 2022, at 10:40 a.m. PT. Senior Vice President, Kip Compton, will represent the company during this event. Interested investors can view the session via Cisco's Investor Relations website.