It was an interesting year for the world’s largest networking vendor. Cisco Systems Inc. put up record revenue and earnings despite a highly volatile macro environment affected by wars, social issues, inflation, rising interest rates and the like. The company also made the biggest acquisition in its history in September when it announced the purchase of Splunk.
In the dynamic world of retail, Wi-Fi has become critical in physical stories despite the rise of online shopping. That’s according to a recent report by Retail Systems Research and Extreme Networks Inc. titled The World is Connected: The Store Must Be Too. The report surveyed 114 executives from global retail companies with annual revenues ranging from $100 million to more than $5 billion.
Networking giant Cisco Systems Inc. reported good news/bad news numbers in its fiscal first-quarter 2024 results this week, handily beating expectations but lowering its outlook. Revenue and earnings for the quarter were $14.67 billion and $1.11 per share, respectively, compared wth Street expectations of $14.61 billion and $1.03 per share. However, Cisco’s outlook was lower than expected.
Extreme Networks Tuesday introduced a cloud-based universal zero-trust network access or ZTNA solution that will provide remote access, network access control, ZTNA and mobile device management integration in one software-as-a-service offering.
Cisco Systems Inc. typically announces some new products at its annual reseller event, Partner Summit this week in Miami. But equally important are initiatives to enable its global ecosystem of partners to be more successful by directing them into emerging areas, since about 90% of its business flows through the channel.