Business news cisco

Here are some recent business news articles related to Cisco:

Recent News

  1. Cisco Acquires IMImobile: Cisco has acquired IMImobile, a UK-based provider of cloud-based customer engagement software, for $330 million. The acquisition is expected to enhance Cisco's capabilities in the customer experience space. (Source: Cisco)
  2. Cisco Reports Strong Q2 Earnings: Cisco reported strong earnings for its second quarter, with revenue up 8% year-over-year to $12.2 billion. The company also raised its full-year guidance. (Source: CNBC)
  3. Cisco Partners with Microsoft on Cloud Services: Cisco and Microsoft have announced a partnership to offer cloud-based services, including Microsoft Azure and Cisco's Webex Teams. The partnership is expected to help businesses move to the cloud more easily. (Source: Microsoft)
  4. Cisco Launches New Security Solutions: Cisco has launched a range of new security solutions, including a cloud-based security platform and a new line of firewalls. The solutions are designed to help businesses protect themselves against emerging threats. (Source: Cisco)
  5. Cisco to Cut 5,500 Jobs: Cisco has announced plans to cut 5,500 jobs, or about 7% of its workforce, as part of a restructuring effort. The company is looking to reduce costs and focus on its core businesses. (Source: Bloomberg)

Recent Financials

  1. Cisco's Revenue Up 8% in Q2: Cisco's revenue was up 8% year-over-year to $12.2 billion in its second quarter. The company's net income was up 14% to $3.1 billion. (Source: Cisco)
  2. Cisco's Earnings Per Share Up 15% in Q2: Cisco's earnings per share were up 15% year-over-year to $0.83 in its second quarter. The company's gross margin was up 1.5 percentage points to 65.5%. (Source: Cisco)
  3. Cisco's Cash and Cash Equivalents Down 12% in Q2: Cisco's cash and cash equivalents were down 12% year-over-year to $13.4 billion in its second quarter. The company's debt was up 10% to $24.4 billion. (Source: Cisco)

Recent M&A Activity

  1. Cisco Acquires IMImobile: Cisco has acquired IMImobile, a UK-based provider of cloud-based customer engagement software, for $330 million. (Source: Cisco)
  2. Cisco Partners with Microsoft on Cloud Services: Cisco and Microsoft have announced a partnership to offer cloud-based services, including Microsoft Azure and Cisco's Webex Teams. (Source: Microsoft)

Recent Leadership Changes

  1. Chuck Robbins to Remain CEO of Cisco: Chuck Robbins will remain CEO of Cisco, despite some speculation that he might step down. Robbins has been CEO of Cisco since 2015. (Source: Bloomberg)
  2. Sundar Balasubramanian to Lead Cisco's Security Business: Sundar Balasubramanian has been appointed to lead Cisco's security business, replacing Gee Rittenhouse. Balasubramanian has been with Cisco for over 20 years. (Source: Cisco)