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.
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.
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.
The 2023 Ryder Cup is being held through Oct. 1 at the Marco Simone Golf and Country Club in Rome, and the event is expected to take in 250,000 spectators — most of whom will be looking to text, tweet, Instagram and Facebook.
From hotels to hospitals to universities, enterprises everywhere can relate to the longstanding problem of poor in-building public cellular service coverage. Meanwhile, they want to simplify their infrastructure. But with separate public and private wireless deployments, they’ve been moving in the wrong direction.