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NAS:CSCO, Jun 06, 08:51 UTC

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Friday, May 29


News

Cisco Live 2020--Here's everything you need to know

CSCO

SAN JOSE, Calif., May 29, 2020 /PRNewswire/ -- For the first time in its 30 years, Cisco Live 2020 is an all-digital event. This year, over 80,000 attendees have registered to date, and the global Cisco Live community is ready to engage with how tech can best solve the world's most pressing issues. In addition, Cisco will update on its corporate social responsibility efforts; the company plans to double down on its commitment to COVID-19 recovery and response. "The New World is Now" with Todd Nightingale, senior vice president and general manager of Cisco's Enterprise Networking and Cloud business, Jonathan Davidson, senior vice president and general manager of Cisco's Mass-Scale Infrastructure Group, Liz Centoni, senior vice president and general manager of Cisco IoT, and Alvio Barrios, senior vice president of Cisco's Americas Customer Experience group.

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Thursday, May 28


News

Cisco to acquire security company ThousandEyes

CSCO

Cisco Systems Inc. csco announced Thursday afternoon that it intends to acquire ThousandEyes, a security-software company, reportedly for close to $1 billion. San Francisco-based ThousandEyes has raised more than $100 million in venture capital to develop software that monitors how a company's applications are being used on the internet. "The combination of Cisco and ThousandEyes will enable deeper and broader visibility to pinpoint deficiencies and improve the network and application performance across all networks," said Cisco executive Todd Nightengale. Bloomberg News reported earlier in the day that the deal was in the works and could be completed Thursday, with a price tag approaching $1 billion.

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Wednesday, May 27


News

Study of European Automotive IoT Markets to 2025, Featuring AT&T, AUDI, BMW, Cisco Systems, Ford Motor Company, and More

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Study of European Automotive IoT Markets to 2025, Featuring AT&T, AUDI, BMW, Cisco Systems, Ford Motor Company, and More. DUBLIN, May 27, 2020 /PRNewswire/ -- The "European IoT in Automotive Market 2019-2025" report has been added to ResearchAndMarkets.com's offering. IoT in transportation eliminates the problems regarding poor fleet management through better analytics and control such as monitoring idling, fuel consumption, travel conditions, and travel time between points.Connected cars along with the IoT enabled car offers opportunities for consumer as well as automotive manufacturers. Also, the number of automobile production is increasing at a significant rate, in turn creating new opportunities for the IoT in the automobile sector.Some of the major players operating in the European IoT in automotive market include AT&T Inc., Ford Motor Company, Robert Bosch GmbH, Toyota Motor Corp. and others.

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Thursday, May 21


News

Global Location-based Services Market 2020-2025: A Look at Key Players ALE International, Teldio Corporation, Cisco Systems and Ericsson Inc. - ResearchAndMarkets.com

CSCO

Global Location-based Services Market 2020-2025: A Look at Key Players ALE International, Teldio Corporation, Cisco Systems and Ericsson Inc. - ResearchAndMarkets.com. The location-based services market was valued at USD 36.2 billion in 2019, and it is expected to reach USD 126.4 billion by 2025, registering a CAGR of 23.2%, during the period of 2020-2025. The growing IoT applications, devised with healthcare requirements, are expected to contribute to the growth of the market for the healthcare vertical. Online web services providers, such as Amazon Inc. and Microsoft Corp., among others, have also started offering 3D maps on their platforms. For instance, Parrot, a prominent player providing wireless devices for mobile phones, has positioned its consumer drones, for 3D modeling, mapping, and agricultural uses.

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Monday, May 18


News

Outreach Adds Sue Bostrom, Former EVP and CMO of Cisco Systems, to Board of Directors

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SEATTLE, May 18, 2020 /PRNewswire/ -- Outreach, the number one sales engagement platform, today announced the appointment of Sue Bostrom, a tech veteran with more than 30 years of experience, to its board of directors. "Sue‌ ‌is‌ ‌a‌ ‌remarkable‌ ‌addition‌ ‌to‌ ‌our‌ ‌board," said‌ ‌Manny‌ ‌Medina,‌ ‌chief‌ ‌executive‌ ‌officer‌ ‌of‌ ‌Outreach.‌ ‌"We're‌ ‌eager‌ ‌to‌ ‌welcome‌ ‌her‌ ‌depth‌ ‌of‌ ‌knowledge‌ ‌in‌ ‌leadership,‌ technology, ‌and‌ ‌marketing‌ ‌excellence.‌ ‌I‌ ‌know‌ ‌she‌ ‌will‌ ‌help‌ ‌propel‌ ‌Outreach‌ ‌to‌ ‌new‌ ‌heights.‌‌" Bostrom was executive vice president and chief marketing officer at Cisco Systems, where she worked for 14 years and was responsible for the company's positioning, branding, advertising, and product marketing. In addition, she built and led the Internet Business Solutions Group (IBSG), which brought vertical expertise and Internet business best practices to global Fortune 500 companies and heads of state. She hit the ground running with her involvement at Outreach, making her first public appearance as a board member in front of thousands of sales professionals at Outreach's Unleash Virtual Summit.

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Friday, May 15


News

Cisco Is Among The First to Give a Bigger Picture of the Pandemic's Impact

CSCO

Cisco Systems Inc (NASDAQ: CSCO) reported its third fiscal quarter that ended in April, unlike most recent earnings report that reflected results throughout only March. Revenue of $12 billion fell 8% year-over-year which is the company's worst decline in six years. And the midpoint of its forecast for the next quarter represents an even bigger drop of 9.5%—the worst in more than a decade. But at least both the latest revenue and the forecast ended up being more optimistic than Wall Street. Per-share adjusted earnings of 79 cents confidently exceeded analyst estimates of 71 cents. And the bright side, the closely watched service, and security segments achieved revenue growth in the quarter. As expected, due to imposed-lockdown measures, there was increased usage of WebEx videoconferencing service, an early entrant in the category now popularized by Zoom Video Communications Inc (NASDAQ: ZM). Hewlett Packard Enterprise Company (NYSE: HPE) is also expected a decline in earnings as a result of lower revenues for its quarter that also ended in April but we will need to wait until May 21st to be able to compare the impact of COVID-19.

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Thursday, May 14


News

Cisco CFO on Q3 earnings beat, WebEx outlook

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Yahoo Finance’s Brian Sozzi and Alexis Christoforous speak with Cisco CFO Kelly Kramer about the company’s Q3 earnings report. ALEXIS CHRISTOFOROUS: Let's stick with earning now and move over to Cisco. Obviously verticals like travel and tourism or hospitality or autos or airlines are under a lot of pressure-- energy. But we have strength-- we see strength in other verticals like manufacturing and financial services. So I think it will be a mixed bag as companies continue to work through this environment. KELLY KRAMER: Actually for us, I would say it was seamless, and I think part of it is because we always had a work from home-- you know, being able to work remote no matter where you are culture, and we build the technology to enable that. So we went to work from home on a dime, had no productivity hiccups in any way. And, you know, as we think about what happens as we go forward and how we come back around the world in our offices, one of the exercises we went through was asking all of the functions, you know, what-- you know, who are the people in your organization that have to be back in the offices? And if I use myself as an example, my finance organization, say I have 2,500 people in the organization.

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Wednesday, May 13


News

Cisco Systems Inc (CSCO) Q3 2020 Earnings Call Transcript

CSCO

Welcome to Cisco's Third Quarter Fiscal Year 2020 Financial Results Conference Call. This truly is unlike anything any of us have ever experienced. As you can imagine, we have been focused on helping our employees, customers, partners, and communities. In addition, we announced $2.5 billion in financing with a new Business Resiliency Program through Cisco Capital to offer financial flexibility and support their business continuity. Throughout the quarter, we invested in scaling our platform at an unparalleled speed to deliver a highly secure, consistent experience and ensuring business continuity for our customers.

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News

Cisco reports Q3 earnings beat, says 95% of global workforce working from home

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JEN ROGERS: We got earnings crossing the tape, Cisco a little bit of a reality check here. MYLES UDLAND: Yeah, stock up 2 and 1/2% now on Cisco's beat on the top and bottom line, $0.79 per share adjusted earnings in the company's third fiscal quarter. The Street was looking for 11.7-- actually, 11.98, so $12 billion, but a $30 million beat there for Cisco on its top line. RICK NEWMAN: Another important thing about Cisco is their quarter ended at the end of April, I believe, not at the end of March. So they're actually accounting for more than one full month of activity during the shutdown in this quarter, where most of the other earnings reports we've gotten have just been through the end of March. So I'd say that is encouraging.

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Cisco Systems Reports Q3 Earnings Beat

CSCO

Cisco Systems (NASDAQ: CSCO) reported third-quarter earnings of 79 cents per share on Wednesday, which beat the analyst consensus estimate of 71 cents by 11.27%. This is a 1.28% increase over earnings of 78 cents per share from the same period last year. The company reported quarterly sales of $12 billion, which beat the analyst consensus estimate of $11.88 billion by 1.01%. "During this extraordinary time, our priority has been supporting our employees, customers, partners and communities, while positioning Cisco for the future," said Chuck Robbins, CEO of Cisco in a statement.

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