All about Cisco Systems, Inc. ($CSCO)
Company Overview
Cisco Systems, Inc. ($CSCO) is a global technology company that develops, manufactures, and sells networking hardware, software, telecommunications equipment, and other high-technology services and products. The company is headquartered in San Jose, California. Cisco was founded in 1984 by Leonard Bosack and Sandy Lerner. Cisco is one of the world's largest networking companies, and its products are used by businesses, governments, and individuals around the world.
Recent Financial Performance
Cisco reported its third straight quarter of declining revenue in its most recent earnings report. The company's revenue fell by 5% year-over-year to $13.1 billion. Cisco also announced a large restructuring plan that will result in $1 billion in pretax charges.
Despite the recent decline in revenue, Cisco remains a financially sound company. The company has a strong balance sheet with $38.5 billion in cash and equivalents. Cisco also has a healthy cash flow from operations of $13.7 billion.
Business Segments
Cisco's business is divided into five segments:
- Infrastructure Platforms: This segment includes Cisco's networking hardware, such as routers, switches, and wireless access points.
- Applications: This segment includes Cisco's software products, such as collaboration tools, security software, and network management software.
- Security: This segment includes Cisco's security hardware and software products.
- Services: This segment includes Cisco's professional services, such as consulting, support, and managed services.
- Other: This segment includes Cisco's other businesses, such as its ventures and investments.
Products and Services
Cisco offers a wide range of products and services, including:
- Networking hardware: Routers, switches, wireless access points, and other networking devices.
- Software: Collaboration tools, security software, network management software, and other software products.
- Security: Security hardware and software products, such as firewalls, intrusion detection systems, and security analytics.
- Services: Professional services, such as consulting, support, and managed services.
Key Customers
Cisco's key customers include businesses, governments, and individuals around the world. The company's products and services are used in a variety of industries, including:
- Education: Cisco's products and services are used by schools and universities around the world to provide students and faculty with access to the internet and other resources.
- Healthcare: Cisco's products and services are used by hospitals and clinics to provide patients with access to medical information and services.
- Government: Cisco's products and services are used by government agencies at all levels to provide citizens with access to government services.
- Business: Cisco's products and services are used by businesses of all sizes to connect their employees and customers to the internet and other resources.
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