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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.
Lumen Technologies (LUMN) and Cisco (CSCO) have expanded their partnership to introduce the Lumen Solutions for Cisco Unified Communications Manager Cloud. This collaboration aims to enhance remote and hybrid work environments by providing advanced, cloud-based communication solutions. Key benefits include a five-year ROI of 497%, a 62% reduction in operational costs, and a significant decrease in unplanned downtime. The solution is designed to support businesses in maximizing their existing UC&C investments without hefty capital outlays.
Cisco announces its partnership with COP26, the UN Climate Change conference in Glasgow, from October 31 to November 12, 2021. The company will provide secure technology for in-person and virtual connectivity via Webex, facilitating inclusive discussions for over 3,000 sessions. This initiative supports critical climate negotiations and enhances accessibility for global policymakers. Cisco's technology, including solutions from its partners, aims to create a seamless experience for attendees, showcasing its commitment to sustainability and inclusivity during vital talks on the future of climate policy.
Cisco announced changes to its revenue reporting categories effective Q1 FY 2022, which will align with strategic priorities. The new categories include Secure, Agile Networks, Hybrid Work, End-to-End Security, Internet for the Future, Optimized Application Experiences, Other Products, and Services. This change is aimed at enhancing clarity in financial reporting. Additionally, Cisco will present Annual Recurring Revenue (ARR) net of rebates and certain adjustments, reflecting a more accurate run-rate of subscriptions and contracts. These changes will be discussed in the upcoming Q1 FY 2022 conference call.
Cisco has introduced Webex Go, a new phone system that allows users to connect their mobile devices with enterprise-grade calling features. This launch is part of a broader effort to enhance the Webex Customer Experience with improved data services for personalized interactions. Enhanced features include location-based emergency calls, integrated cloud calling, and expanded European coverage for Cisco Calling Plans. Additionally, Cisco aims to strengthen customer interactions by integrating capabilities from its recent acquisition of imimobile.
The 2021 Duo Trusted Access Report from Cisco reveals a significant shift towards passwordless authentication, driven by hybrid work environments. Multi-factor authentications rose by 39%, with biometric methods surging 48% year-over-year. Over half of IT decision-makers aim to adopt passwordless strategies, reflecting an industry trend toward improved security via user-friendly practices. Additionally, Duo noted a fivefold increase in WebAuthn usage since April 2019, highlighting the growing acceptance of biometrics. As organizations adapt, stricter access policies are emerging in response to elevated security threats.
Cisco Systems has been awarded the 2020 Global Enabling Technology Leadership Award by Frost & Sullivan for its innovative contributions to the Industrial Internet of Things (IIoT) sector. The award highlights Cisco’s extensive range of solutions, including routers and edge computing software, that facilitate effective IIoT technology deployment. Cisco's collaboration with vendors like Rockwell Automation and Schneider Electric enhances its market presence. The recognition underscores Cisco's leadership in providing secure and scalable solutions that advance digitization in industrial environments.
Cisco has launched its inaugural Hybrid Work Index (HWI), based on extensive customer data, revealing insights into the evolving preferences of hybrid workers. Key findings show a 200% increase in AI tool usage and a 300% surge in mobile meeting participation since the pandemic began. Security remains a critical concern, with over 100 million email threats targeted at hybrid workers daily. The importance of flexibility and wellness is highlighted, with 64% of employees stating remote work influences their job retention.
High Alpha, a leading venture studio, has launched its third venture studio, following the successful raising of a $110M fund. The new studio, focusing on enterprise cloud companies, raised $18M from Emergence Capital and Foundry Group. Since its inception in 2015, High Alpha has pioneered the venture studio model, raising over $260M and launching over 30 companies including Mandolin and Zylo. The firm aims to empower entrepreneurs through a unique model, providing essential coaching and resources to help startups thrive.
Cisco (NASDAQ: CSCO) is set to host WebexOne from October 26-28, 2021, a leading collaboration event aimed at enhancing hybrid work and customer experiences. Esteemed speakers include Olympian Simon Biles, Spanx CEO Sarah Blakely, and astronaut Nicole Stott. The event will feature over 30 customer speakers, interactive breakout sessions, and keynote discussions led by Cisco executives, focusing on technological innovations and organizational growth. The free virtual event emphasizes inclusivity and collaboration, inviting global participation.
Cisco has introduced its New Trust Standard, aiming to set a benchmark for organizations to enhance customer trust during digital transformation. This framework emphasizes essential elements such as Zero-Trust architecture, trusted supply chain, and data rights, amidst increasing cyber threats and hybrid work environments. Insights from the 2021 Consumer Privacy Survey revealed that nearly a third of consumers prioritize transparency and control over data practices, indicating a growing demand for trust in digital interactions.