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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.
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Cisco and Ford announced a discussion during the Cisco Live event about the digital transformation in the automotive industry. Cisco's CEO Chuck Robbins and Ford's CEO Jim Farley will explore topics such as electrification and connected vehicles. Ford has seen a 222% increase in electric vehicle sales, significantly outpacing the industry growth. The partnership aims to utilize Cisco's technology to enhance vehicle connectivity and customer experiences. Furthermore, Ford is investing $50 billion by 2026 to advance electric and connected vehicle capabilities.
Cisco (NASDAQ: CSCO) announced enhancements to its Webex Calling suite, aiming to improve call quality and reliability for hybrid work environments. Key updates include site survivability that maintains PSTN call capabilities during network outages, AI-driven background noise elimination, and the launch of new devices such as the Webex Room Bar and Cisco Video Phone 8875. These innovations enhance user experience by ensuring clear audio and seamless collaboration, now available in over 110 countries. Pricing for the Webex Suite starts at $11.95 per month, with the Webex Room Bar priced at $3,795.
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.