Hummingbird Networks Unveils Custom IT Services for Businesses: Buy, Design, Deploy, or Fully Manage Cisco Meraki NetworksNovember 26, 2024 12:47 PM EST | Source: Brand FeaturedSimi Valley, California--(Newsfile Corp. - November 26, 2024) - Hummingbird Networks, a trusted and select certified Cisco Meraki partner, unveils its tailored IT services to help businesses with their technological challenges, enabling them to focus on their growth strategies. To solve tech complexities, the company pr ...

In partnership with Cisco, OneTen offers an inside look at how the employer's skills-first talent management approach promotes measurable business impact, organizational agility, and inclusionNEW YORK, Nov. 25, 2024 /PRNewswire/ -- OneTen, a coalition of leading companies committed to unlocking career opportunities for talent without four-year degrees, today released, "Cisco's Skills-First Success: A Powerful Playbook for the Private Sector" – an in-depth study that examines Cisco's groundbreaking efforts t ...

Cisco Systems, Inc. (NASDAQ:CSCO) RBC Capital Markets Global Technology, Internet, Media and Telecommunications Conference November 20, 2024 11:20 AM ET Company Participants Scott Herren - Executive Vice President and Chief Financial Officer Conference Call Participants Matt Hedberg - RBC Matt Hedberg Please, I'll sit over here. All right. I am, oh yes, I was looking forward to this conversation for a lot of reasons. Scott and I go way -- in the way, way back -- and that's what I love about this business as ...

RIDGEFIELD PARK, NJ, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Global cybersecurity leader AlgoSec announced it was named November 2024’s Cisco Meraki Marketplace Tech Partner of the Month. AlgoSec received the award for its Secure Application Connectivity platform, which transforms network security policy management by intelligently automating and orchestrating security change processes. Cisco’s cloud-managed Meraki platform enables users to centrally manage and configure security solutions, bridging the gap betwe ...

Revenue Performance - Revenue decreased by 6% to $13.841 billion in Q1 FY2025 compared to $14.668 billion in Q1 FY2024[125] - Total revenue for Q1 fiscal 2025 decreased by 6% to $13.841 billion, with product revenue down 9% to $10.114 billion and services revenue up 6% to $3.727 billion[145][148] - Excluding Splunk, total revenue for Q1 fiscal 2025 decreased by 14% compared to Q1 fiscal 2024[146] - Revenue from the Americas decreased by $0.8 billion, while APJC revenue increased by $19 million in Q1 FY2025[128] - Americas segment revenue decreased by 9% to $8.252 billion, with product revenue down 12% to $6.002 billion[147][150] - EMEA segment revenue decreased by 2% to $3.588 billion, with product revenue down 5% to $2.686 billion[147][150] - APJC segment revenue increased by 1% to $2.001 billion, with product revenue down 2% to $1.426 billion[147][150] Product Revenue Breakdown - Networking product revenue decreased by 23% to $6.753 billion, driven by declines in switching, routing, and wireless offerings[155][156] - Security product revenue increased by 100% to $2.017 billion, primarily driven by Splunk and growth in Network Security and SASE offerings[155][157] - Collaboration product revenue decreased by 3% to $1.085 billion, driven by declines in On-Prem Webex Suite and Collaboration Devices[155][158] - Observability product revenue increased by 36% to $258 million, driven by Observability Suite and Network Assurance offerings[155][159] Services Revenue - Services revenue increased by 6% to $3.727 billion in Q1 FY2025, driven by growth in software support, solution support, and advisory services across all geographic segments[161][162] - Americas segment contributed 60.3% of total services revenue, with a 4% YoY increase to $2.249 billion[161] - EMEA segment services revenue grew 10% YoY to $903 million, representing 24.2% of total services revenue[161] - APJC segment services revenue increased 8% YoY to $575 million, accounting for 15.5% of total services revenue[161] Gross Margin - Gross margin percentage increased by 0.7 percentage points to 65.9% in Q1 FY2025[125] - Product gross margin improved by 0.6 percentage points to 65.1%, driven by favorable product mix and productivity benefits[163][166] - Services gross margin increased by 0.7 percentage points to 68.0%, primarily due to higher sales volume[163][166] Operating Income and Expenses - Operating income as a percentage of revenue decreased by 12.2 percentage points to 17.0% in Q1 FY2025[125] - Operating income decreased 45% to $2.358 billion, with operating margin declining 12.2 percentage points to 17.0%[171][172] - Research and development expenses increased by 19% to $2.286 billion in Q1 FY2025[125] - R&D expenses increased 19% to $2.286 billion, representing 16.5% of total revenue, driven by Splunk integration and higher headcount-related costs[168][169] - Restructuring charges of $665 million were incurred in Q1 FY2025, impacting approximately 7% of global workforce[171] Net Income and Taxes - Net income decreased by 25% to $2.711 billion in Q1 FY2025[125] - The effective tax rate for the first quarter of fiscal 2025 was (19.6)%, a decrease from 18.1% in the same period of fiscal 2024, primarily due to a $720 million benefit related to a U.S. Tax Court opinion[177] Cash Flow and Investments - Cash and cash equivalents and investments increased to $18.671 billion in Q1 FY2025 from $17.854 billion in Q4 FY2024[131] - Cash provided by operating activities increased to $3.661 billion in Q1 FY2025 from $2.371 billion in Q1 FY2024[131] - Cash and cash equivalents increased by $1.557 billion to $9.065 billion as of October 26, 2024, compared to $7.508 billion on July 27, 2024[179] - Net cash provided by operating activities for the first quarter of fiscal 2025 was $3.661 billion, resulting in free cash flow of $3.444 billion[179] - Cisco returned $3.595 billion to stockholders in the first quarter of fiscal 2025, including $1.592 billion in dividends and $2.003 billion in stock repurchases[181] - Cisco's total cash and investments increased by $817 million to $18.671 billion as of October 26, 2024, compared to $17.854 billion on July 27, 2024[179] - The remaining authorized amount for stock repurchases under Cisco's program is approximately $3.2 billion, with no termination date[181] Accounts Receivable and Inventory - Accounts receivable decreased by 33% to $4.457 billion as of October 26, 2024, compared to $6.685 billion at the end of fiscal 2024[181] - Inventory decreased by 7% to $3.143 billion as of October 26, 2024, while inventory purchase commitments increased by 3% to $5.321 billion[183][184] - Cisco's inventory and inventory purchase commitments combined decreased by 1% compared to the end of fiscal 2024, reflecting efforts to optimize inventory levels[184] Financing and Debt - Financing receivables decreased by 3% to $6.534 billion as of October 26, 2024, compared to $6.714 billion at the end of fiscal 2024[184] - Channel partner financing volume was $6.0 billion in Q1 FY2025, down from $8.2 billion in Q1 FY2024[186] - Guaranteed channel partner financing balance was $1.1 billion as of October 26, 2024, down from $1.2 billion as of July 27, 2024[186] - Total senior notes outstanding amounted to $20.25 billion as of October 26, 2024[187] - Commercial paper outstanding increased to $11.9 billion as of October 26, 2024, up from $10.9 billion as of July 27, 2024[187] - Interest expense increased by $307 million YoY to $418 million, primarily due to issuances of senior notes and commercial paper[173] Performance Obligations and Deferred Revenue - Total remaining performance obligations decreased by 3% to $39.99 billion as of October 26, 2024[189] - Deferred revenue decreased by 3% to $27.5 billion as of October 26, 2024[189] Tax and Funding Commitments - U.S. transition tax payable amounted to $3.4 billion, with $1.8 billion due in Q2 FY2025 and $1.6 billion in Q2 FY2026[190] - Funding commitments increased to $0.3 billion as of October 26, 2024, up from $0.2 billion as of July 27, 2024[192] Investments and Marketable Securities - Marketable equity investments fair value decreased to $412 million as of October 26, 2024, down from $481 million as of July 27, 2024[197] - The total carrying amount of privately held investments was $1.8 billion as of October 26, 2024[197] - The fair value of marketable equity investments was $412 million as of October 26, 2024[197] Foreign Currency and Interest Rate Sensitivity - Approximately 70% of the company's operating expenses are U.S.-dollar denominated[200] - Foreign currency fluctuations increased combined R&D, sales and marketing, and G&A expenses by $8 million (0.2%) in Q1 fiscal 2025 compared to Q1 fiscal 2024[200] - A hypothetical 50 basis points change in market interest rates would alter the fair value of financing receivables by approximately $0.1 billion[196] - A hypothetical 50 basis points change in market interest rates would change the fair value of fixed-rate debt by approximately $0.7 billion[196] Forward Contracts - The notional amount of purchased forward contracts was $3,829 million as of October 26, 2024[198] - The notional amount of sold forward contracts was $3,706 million as of October 26, 2024[198]

Second annual report shows the race to get AI right is on, with a critical focus on networking infrastructure  News Summary: Leaders feel the pressure; 98% report increased urgency to deliver on AI and 85% believe they have less than 18 months to act. Networks are not equipped to meet AI workloads; only 21% of companies report having the necessary GPUs to meet current and future AI demands. Only 13% say they are fully ready to capture AI's potential – down from 14% last year. SAN JOSE, Calif., Nov. 19, 202 ...

Have you evaluated the performance of Cisco Systems' (CSCO) international operations during the quarter that concluded in October 2024? Considering the extensive worldwide presence of this seller of routers, switches, software and services, analyzing the patterns in international revenues is crucial for understanding its financial resilience and potential for growth.In the modern, closely-knit global economic landscape, the capacity of a business to access foreign markets is often a key determinant of its f ...

AUSTIN, TEXAS - OCTOBER 02: Carrie Palin, Cisco speaks on stage during 2024 Texas Conference for ... [+] Women at Austin Convention Center on October 02, 2024 in Austin, Texas. (Photo by Marla Aufmuth/Getty Images for Texas Conference for Women)Getty Images for Texas Conference for WomenNote: Cisco’s FY 2024 ended July 27, 2024Cisco Systems Inc (NASDAQ: CSCO), a company providing networking equipment, security, collaboration, and cloud management services, grew marginally by 0.8% on Wednesday, 13th November ...

SAN JOSE, Calif., Nov. 15, 2024 /PRNewswire/ -- Cisco today announced that it will participate in the following event with the financial community. This session will be via webcast. Interested parties can register and view these events on Cisco's Investor Relations website at https://investor.cisco.com.No new financial information will be discussed on this conference call.Cisco at the 2024 RBC Capital Markets Global TMIT ConferenceNov 20, 20248:20 a.m. PT / 11:20 a.m. ETCisco Speaker:Scott Herren, EVP and C ...

Cisco Systems NASDAQ: CSCO is a long-term play on AI that investors should heed. Its AI abilities aren’t rooted in GPUs, CPUs, and the training of AI but in the long-term application. AI applications, including agents, assistants, voice interfaces, and other generative models, are the next step and will depend on Cisco's internet infrastructure and networking tools. AI applications will be the largest and fastest-growing segment of AI, which is saying a lot in light of NVIDIA’s NASDAQ: NVDA sustained triple ...