Cisco Systems, Inc. - Market Research Report

Company Overview

Name: Cisco Systems, Inc.

Mission: To power an inclusive future for all. Cisco combines technology, people, and networks to address societal challenges.

Founded: 1984 by Leonard Bosack and Sandy Lerner.

Key People:

Chuck Robbins - CEO

Jeetu Patel - EVP and Chief Product Officer

Tom Gillis - SVP and GM, Security Business Group

Headquarters: San Jose, California, USA

Number of Employees: No information is available

Revenue: Reported fourth quarter revenue of $13.6 billion in fiscal year 2024.

Known For: Cisco is known for its networking hardware and software, telecommunication equipment, and other high-technology services and products. It is a leading player in the sectors of networking, security, collaboration, IoT, and cloud management.

Products

Cisco XDR with AI Assistant

Description: AI-first Extended Detection and Response (XDR) solution

Key Features:

High-priority incident remediation

AI-assisted threat detection and response

Cisco Networking Cloud

Description: Unified platform for networking management.

Key Features:

Consolidated platform experience

Assurance, security, and simplification of networking

Secure Firewall 1200 Series

Description: Compact, all-in-one firewall for distributed enterprise branches

Key Features:

All-in-one functionality

Suitable for distributed enterprise environments

Cisco Duo’s Continuous Identity Security

Description: Multi-factor identity verification solution

Key Features:

Continuous identity verification

Seamless authentication experience

Secure Access (SSE)

Description: Secure access solution for applications and data

Key Features:

Security Service Edge (SSE) functionality

Enhanced security for cloud-based services

Cisco Umbrella

Description: Cloud-delivered security for the internet and SaaS apps

Key Features:

Protection against phishing, malware, ransomware

Data loss protection

Recent Developments

New Products and Features

Cisco XDR with AI Assistant: Launched as an AI-first XDR solution for prioritizing and remediating incidents.

Cisco Networking Cloud: Newly launched platform aiming to provide simplified and secure network management.

Cisco Secure Firewall 1200 Series: Introduced to provide robust firewall capabilities for branch offices.

Cisco Umbrella for Government: Achieved FedRAMP® Authority to Operate.

Partnerships and Acquisitions

Robust Intelligence Acquisition: Cisco announced its intent to acquire Robust Intelligence, a company specializing in AI security solutions.

NBC Sports Partnership: Selected by NBC Sports to deliver networking technology for the Paris Olympic and Paralympic Games.

LA28 Games Partnership: Cisco became the official Network Equipment Partner of the LA28 Games.

Corporate Restructuring

Portfolio Consolidation: Merging of Networking, Security, and Collaboration teams under Jeetu Patel as EVP and Chief Product Officer.

Financial Updates

Fourth Quarter and Fiscal Year 2024 Earnings: Cisco reported a revenue of $13.6 billion for Q4 2024, with a net income of $2.2 billion GAAP and $3.5 billion non-GAAP.