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.
Cisco concluded fiscal 2022 with Q4 revenue of $13.1 billion, flat year-over-year, and full-year revenue of $51.6 billion, up 3%. Q4 GAAP EPS was $0.68, down 4% year-over-year. However, non-GAAP EPS was $0.83, down 1%. Cisco recorded a strong demand with record product orders and backlog, leading to a total Annualized Recurring Revenue (ARR) of $22.9 billion, up 8% year-over-year. Guidance for Q1 FY 2023 indicates 2% to 4% revenue growth, while FY 2023 guidance projects 4% to 6% growth.
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Cisco has been awarded the 2022 Global Secure Web Gateway Enabling Technology Leadership Award by Frost & Sullivan for its innovative Cisco Umbrella Secure Internet Gateway. This solution provides cloud-delivered security, integrating multiple security functions into a single platform. Cisco boasts a 10.4% market share in the secure web gateway market, showcasing significant growth and innovation in a competitive landscape. The award acknowledges Cisco's continuous improvements, essential for organizations adopting Secure Access Service Edge (SASE) security approaches.
Cisco will host a webcast with Loop Capital on August 24, 2022, featuring Bill Gartner, SVP and GM of Optical Systems and Optics Group. The discussion will focus on Cisco's optical strategy and market dynamics. The event will be available for replay one month post-event on Cisco's Investor Relations website. Notably, no new financial information will be disclosed during this call.
Cisco is set to announce its fourth quarter and fiscal year 2022 financial results on August 17, 2022, following the market close. The scheduled conference call will take place at 1:30 PM PT (4:30 PM ET). Investors and stakeholders can access the financial results through PR Newswire and on Cisco's newsroom. A telephone playback of the conference call will be available from 4:00 PM PT on August 17 until August 24. The event can also be listened to via the internet.
Cisco and Qwilt have partnered to launch a cutting-edge content delivery solution across Kinetic by Windstream's North American network. This deployment enhances streaming performance and significantly increases capacity for live and on-demand content, leveraging Cisco's edge compute infrastructure and Qwilt's Open Edge Cloud. The partnership aims to address the surging demand for streamed content while establishing a telco cloud foundation for future applications. This initiative supports Kinetic's goal of delivering high-speed, reliable media services to its customers.
Cisco has announced its participation in the Deutsche Bank 2022 Technology Conference on August 31, 2022, at 9:00 a.m. PT. The session will be webcast and can be accessed via Cisco's Investor Relations website. This event is part of Cisco's ongoing engagement with the financial community, aimed at showcasing its technological leadership and innovations. By continuing to share insights into its strategic direction, Cisco reinforces its commitment to transparency and investor relations.
Cisco has unveiled a new Wholesale Route-to-Market (RTM) for its Webex platform, aimed at empowering Service Providers to deliver managed services tailored to small and mid-size businesses (SMBs). This model includes a single contract for partners, enabling them to extend Webex's voice, video, and collaboration technology via co-branded offers. The program features consumption-based billing, dedicated support, and a variety of service packages designed to enhance customer experiences and fulfill the unique needs of SMBs.
Cisco and Jefferies will host a webcast on Human Capital Management for the financial community on July 28, 2022, at 8:00 a.m. PT (11:00 a.m. ET). Fran Katsoudas, Cisco's Chief People Officer, will discuss the company's initiatives in human capital and corporate culture, emphasizing their role in creating shareholder value. Interested parties can access more details on Cisco's Investor Relations website and find additional information in the company's ESG Reporting Hub.
Cisco AppDynamics released its Agents of Transformation 2022 report, highlighting a new class of technology leaders post-pandemic. The report indicates that 74% of respondents feel their careers have accelerated, yet only 10% achieve elite 'Agents of Transformation' status. Many technology leaders face rising complexity, with 66% finding it harder to meet transformation demands. Key insights include a strong need for enhanced application security and observability to navigate digital transformation challenges.