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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.
Cisco has finalized its acquisition of Kenna Security, a leader in risk-based vulnerability management. This strategic move aims to enhance Cisco's security offerings by integrating Kenna's platform with Cisco's SecureX, enabling quicker identification of cybersecurity threats. The combination is expected to streamline collaboration among security teams, automate threat detection, and reduce compliance friction. Executives from both companies emphasize the acquisition's potential to transform cybersecurity management.
Cisco will host a webcast with Oppenheimer on June 24, 2021, at 8:00 AM PT to discuss its collaboration business and competitive advantages. The call features Jeetu Patel, Senior VP and General Manager of Security and Collaboration, with Ittai Kidron as moderator. No new financial information will be disclosed during the event. Interested parties can access the webcast and subsequent replay on Cisco's Investor Relations website.
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Cisco will host a webcast with Evercore ISI on June 22, 2021, at 9:00 am PT to discuss its optical strategy and portfolio evolution. Bill Gartner, Senior Vice President and General Manager of Cisco's Optical Systems and Optics Group, will lead the discussion. No new financial information will be disclosed during the call. Interested parties can access the event and a replay via Cisco's Investor Relations website.
Cisco (CSCO) has launched an all-new Webex Suite aimed at enhancing hybrid work collaboration. The suite integrates over 800 features and devices introduced since September 2020, offering a comprehensive solution that combines meetings, calling, messaging, polling, and events at 40% lower cost than a-la-carte options. The integration of Slido and upcoming Socio tools aims to enhance audience engagement for hybrid events. CEO Chuck Robbins emphasized the importance of this offering as organizations adapt to ongoing changes in work culture.
Cisco and AT&T have partnered to enhance cloud communications for enterprise clients, particularly in adapting to a hybrid workforce. Over the next five years, they aim to provide up to 1 million users access to the UCMC platform via Webex Calling. This collaboration promises 99.99% uptime, facilitating rapid feature updates. Cisco’s solutions aim to streamline operations for businesses navigating the transition to hybrid work, leveraging AT&T’s robust network capabilities. Both companies emphasize the importance of integrating cloud, collaboration, and security technologies to meet evolving business needs.
Cisco (NASDAQ: CSCO) announced a quarterly cash dividend of $0.37 per common share, scheduled for payment on July 28, 2021. Shareholders of record as of the close of business on July 6, 2021 will receive this dividend. This amount is consistent with its previous dividend paid on April 28, 2021. Future dividends will be subject to board approval. Cisco remains a leader in technology that powers the internet, continuously working to enhance infrastructure and empower teams globally.
Cisco has announced its participation in several conferences with the financial community in June 2021, which will be webcast. Key events include the Cowen and Company 49th Annual Technology, Media, & Telecom Conference on June 3 at 9:30 a.m. PT and the Morgan Stanley Sustainable Futures Conference on June 9 at 8:00 a.m. PT. Interested parties can access these sessions via Cisco's Investor Relations website for further details.
Cisco reported Q3 FY 2021 results with $12.8 billion in revenue, a 7% year-over-year increase. GAAP EPS reached $0.68, while Non-GAAP EPS was $0.83, both up 5% year-over-year. The results reflected strong demand, with total product orders growing 10%, the highest in nearly a decade. Software revenue from subscriptions rose to 81%, enhancing recurring revenue streams. For Q4 FY 2021, Cisco projects revenue growth of 6% to 8% and GAAP EPS guidance of $0.64 to $0.69.
Cisco announced key innovations at RSA Conference 2021 to simplify security across its platforms, enhancing Extended Detection and Response (XDR) and delivering on its Secure Access Service Edge (SASE) vision. Key developments include improved threat detection in cloud environments, the industry’s first integrated firewall, and an intent to acquire Kenna Security for better vulnerability management. With over 7,000 customers using its SecureX platform, Cisco aims to streamline security for organizations navigating a distributed workforce.