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. 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, a global leader in technology, will participate in the Wells Fargo Virtual 5th Annual TMT Summit on November 30, 2021, at 9:40 a.m. PT. Senior Vice President Kip Compton will present during this financial community event, which will be available for webcast. Investors can access the session through Cisco's Investor Relations website. This engagement highlights Cisco's commitment to transparency and communication with its stakeholders.
Cisco reported Q1 FY 2022 results with revenue of $12.9 billion, marking an 8% increase year over year. GAAP EPS rose 37% to $0.70, while Non-GAAP EPS grew 8% to $0.82. Strong demand was noted with 33% growth in total product orders. The company achieved a total annualized recurring revenue of $21.6 billion, a 10% increase year over year. Cisco forecasts Q2 FY 2022 revenue growth between 4.5% and 6.5% and maintains FY 2022 guidance at 5% to 7%.
AT&T has expanded its global managed Secure Access Service Edge (SASE) portfolio, introducing a new offering, AT&T SASE with Cisco. This solution integrates SD-WAN technology and security features to enhance cloud-based application utilization. It aims to meet evolving business connectivity demands, amid increased remote work and complex security needs. Available immediately, this service offers optimized network performance and centralized management for organizations, particularly in sensitive sectors like healthcare, by ensuring secure data access.
Softchoice (TSX: SFTC) received two prestigious awards at the 2021 Cisco Partner Summit: Global Social Impact Partner of the Year and Americas Security Partner of the Year. These accolades highlight Softchoice's commitment to customer success and community impact through innovative technology solutions. Cisco's recognition emphasizes Softchoice's alignment with customer needs and its role in driving digital transformation. The awards reflect superior business practices and dedication to solving complex challenges for enterprises.
Cisco's Partner Summit 2021 revealed significant innovations aimed at addressing the complexities of hybrid work environments. Key announcements included the launch of ThousandEyes Application Outages for proactive SaaS outage management and the introduction of a public Internet Outages Map. These tools aim to enhance visibility into application performance across diverse cloud environments. Cisco emphasized a partner-first approach, focusing on simplifying technology management for businesses adapting to hybrid work models, thus reinforcing its leadership in networking and security.
At Cisco's Partner Summit 2021, the company announced a new Enterprise Agreement (EA) to streamline software purchasing for partners and customers. This initiative is aimed at enhancing digital transformation and boosting software revenue. The EA simplifies access across five portfolios, reduces minimum spend requirements, and allows organizations to manage licenses more efficiently. Additionally, Cisco Capital financing options are introduced to mitigate credit risks. The EA is set to be available through selected partners with broader access planned for early 2022.
Cisco has announced a conference call scheduled for November 17, 2021, at 1:30 PM PT to discuss its Q1 FY2022 financial results for the period ending October 30, 2021. The financial results will be released via PR Newswire, and a live audio broadcast will be available online. Investors can access the replay starting 4:00 PM PT on the same day through November 24, 2021. Cisco continues to be a leader in technology, aiming to empower teams and secure data for a global future.
On October 26, 2021, Cisco (NASDAQ: CSCO) unveiled over 1,000 new features for its Webex suite, enhancing hybrid work experiences. Key innovations focus on equal participation and seamless collaboration across various video platforms, including Zoom and Microsoft. Webex's new audio and visual capabilities aim to promote inclusivity and assist teams in tackling fatigue. Additionally, hybrid event management tools are introduced, allowing organizations to host large-scale events with enhanced attendee engagement. The launch aligns with Cisco's commitment to powering inclusive and effective hybrid work environments.
Cisco and Bang & Olufsen have collaborated to produce the Bang & Olufsen Cisco 980, a luxury headset aimed at hybrid workers. This headset features advanced integrations with Webex, Adaptive Active Noise Cancellation, and enhanced comfort for prolonged use. The Cisco 980 also supports Bluetooth 5.1 and enterprise-grade management capabilities. Priced at $549, it aims to blend high-end audio quality with robust functionality for seamless communication in hybrid work settings, set to launch in early 2022.
Cisco has introduced Webex Hologram, a groundbreaking hybrid work collaboration product that integrates augmented reality (AR) with virtual meetings. This solution enables real-time, photorealistic holograms, enhancing remote training and hands-on collaboration.
Webex Hologram addresses the growing demand for flexible work arrangements, allowing participants to engage in immersive experiences without geographic barriers. It supports multiple users and is compatible with leading AR headsets, setting a new standard in virtual interactions.