This week, network vendor and technology leader Cisco announced its Q3 FY22 earnings results. The company posted revenues of $12.8B, missing consensus estimates by over $500M.
Revenue was essentially flat (+0.3%) year over year. Cisco reported non-GAAP EPS of $0.87, topping the street by a penny. Total gross margin was 65.7%, which was at the high end of Cisco’s guidance.
Most enterprises today have some type of multi-cloud strategy, yet still face challenges when connecting to public and private clouds. The Internet provides “best effort” connectivity but has inconsistencies in network quality that can significantly impact application performance.
There should be no doubt that hybrid work is here to stay. We are more than two years since the work-from-home period of the pandemic began and businesses have been all over the map with respect to what the return to work looks like. Earlier this year, I was part of UC Today’s UC Summit Keynote, where I stated that the first wave of hybrid work would be a disaster because most business are at a loss as how to proceed.
The terms hybrid work and remote work are used interchangeably, but they’re fundamentally very different.
Remote works refers to all employees working from home, as was the case at the start of COVID-19. Hybrid work can describe a scenario where no one is in the office, everyone is in the office, and every possible combination in-between. The latter is becoming more common post-pandemic, as organizations figure out the most effective work methods.
Every organization today is going through some type of transformation to leverage digital technology. But what does this digital transformation look like when it comes to applications and network design in a post-COVID world?