Cisco’s Q4 and fiscal year 2024 results reflect a mixed performance with essential strategic shifts. The company generated $13.6 billion in quarterly revenue and $53.8 billion for the fiscal year. Cisco’s focus on AI, cloud, and cybersecurity, underpinned by key milestones like $1 billion in AI sales, underscores its future growth vision.
Cisco and Rockwell Automation have partnered to accelerate industrial digital transformation in the Asia Pacific, Japan, and Greater China region. This collaboration aims to optimize manufacturing operations, boost productivity, and ensure industrial network security through advanced solutions like industrial IoT.
Australian telecommunications company Optus has partnered with Cisco to enhance network security for its business customers. As remote work and reliance on VoIP and Software-as-a-Service increase, this collaboration aims to address complex cyber threats.
Cisco has unveiled a $1 billion fund dedicated to investing in AI startups, marking a significant move to strengthen its presence in the AI industry. CEO Chuck Robbins made the announcement at the company’s “Cisco Live” event in Las Vegas, emphasizing that the investment, though modest by AI standards, aims to foster innovative solutions and assist businesses in navigating the AI landscape.
The latest report from Cisco (NASDAQ: CSCO) reveals a stark reality: only a mere three percent of organizations worldwide possess the necessary level of readiness to combat modern cybersecurity risks effectively. Released today, the 2024 Cybersecurity Readiness Index underscores a notable decline from the previous year, where 15% of enterprises were classified as mature in their cybersecurity readiness.
At Enterprise Connect, Cisco (NASDAQ: CSCO) today unveiled new purpose-built, multifunctional devices that deliver modernized collaboration experiences to today’s hybrid workforce. The company announced the launch of the Cisco Board Pro G2, an AI-fueled and touch-enabled collaboration device and Cisco Desk Phone 9800 Series, designed to bring a modern and personalized productivity hub to any desk.
Cisco, the multinational technology conglomerate, has successfully finalized its purchase of Splunk, marking a significant stride towards offering unmatched visibility and insights across comprehensive digital landscapes. This acquisition is poised to redefine how organizations connect and safeguard their operations in an increasingly digital world.
In a significant move at the Mobile World Congress this year, Orange has taken a step further in its environmental initiatives by enhancing its partnership with Cisco. This collaboration is not new, as Orange Business has been distributing Cisco solutions for over two decades. However, the addition of a Memorandum of Understanding (MoU) brings a fresh focus on environmental transparency and the shared goal of reducing greenhouse gas emissions (GHGs).
In a significant development, Cisco and DISH Wireless have unveiled the testing phase of a pioneering network slicing technology designed for hybrid cloud setups. This cutting-edge solution, which leverages Cisco’s advanced hardware and software, promises to revolutionize how network traffic is managed, segmented, and optimized across different applications and use cases.
In a groundbreaking development, Cisco has announced the successful transmission of data at speeds of 800Gbps across the Amitié transatlantic cable. Stretching 6,234 kilometers from Boston, Massachusetts, to Bordeaux, France, this achievement marks a significant advancement in the capacity of subsea network cables, driven by the burgeoning demands of cloud computing and AI technologies.
