Cisco Systems Archives - CFO

Cisco Buys IMImobile to Boost Call Center Offerings

Cisco Buys IMImobile to Boost Call Center Offerings

The $730 million deal will help Cisco create a "comprehensive CXaaS [Customer Experience as a Service] solution for the market."

By Matthew Heller | December 7, 2020

Cisco CFO to Retire

Cisco CFO to Retire

After five years in the role, Kelly Kramer is stepping down.

By Lauren Muskett | August 13, 2020

Cisco Sued for Discrimination Based on Caste

Risk & Compliance

Cisco Sued for Discrimination Based on Caste

The state of California alleges two Cisco managers harassed a fellow Indian-American employee because he comes from India's lowest caste.

By Matthew Heller | July 2, 2020

Cisco Sees Revenue Drop Amid Weak Demand

Financial Performance

Cisco Sees Revenue Drop Amid Weak Demand

First-quarter results beat analysts' estimates but the revenue guidance for the current quarter helped send Cisco shares down 5.1%.

By Matthew Heller | November 14, 2019

Cisco Warns of Soft Growth Amid Trade Tensions

Cisco Warns of Soft Growth Amid Trade Tensions

“We definitely saw significant impact on our business in China as it relates to what's going on with the trade war right now."

By Matthew Heller | August 15, 2019

Cisco Settles With Whistleblower in Cyber Case

Cisco Settles With Whistleblower in Cyber Case

The $1 million payout to a Danish security expert is believed to be the first in a cybersecurity case brought under the False Claims Act.

By Matthew Heller | August 1, 2019

Cisco Beats Estimates, Forecasts 5-7% Growth

Financial Performance

Cisco Beats Estimates, Forecasts 5-7% Growth

“We’re seeing the returns on the investments we are making in innovation and driving the shift to more software and subscriptions," CFO Kelly Kramer says.

By Matthew Heller | August 16, 2018

Arista Settles Cisco’s Patent Claims for $400M

Arista Settles Cisco’s Patent Claims for $400M

The settlement also resolves Arista's antitrust claims against Cisco after nearly four years of litigation between the computer networking rivals.

By Matthew Heller | August 7, 2018

Ex-CEO Returns to Finance Roots at Zoom Video

Ex-CEO Returns to Finance Roots at Zoom Video

Despite having led a struggling company's impressive turnaround, Kelly Steckelberg embraces a "great opportunity" running finance at unicorn startup Zoom.

By David McCann | April 27, 2018

Hybrid Cyber-Risk Solutions May Lower Cost of Insurance

Risk Management

Hybrid Cyber-Risk Solutions May Lower Cost of Insurance

Requiring businesses to buy certain IT products to get better cyber insurance coverage may be an idea whose time has come.

By David Katz | March 12, 2018

Cisco to Break 2-Year Streak of Declining Sales

Cisco to Break 2-Year Streak of Declining Sales

The company's shares rise nearly 6% as it predicts revenue will rise 1% to 3% in the next quarter.

By Matthew Heller | November 15, 2017

Cisco Adds HCS Capability With BroadSoft Buy

Cisco Adds HCS Capability With BroadSoft Buy

The $1.9 billion deal will give Cisco cloud-delivered communication tools to supplement its on-premise offerings.

By Matthew Heller | October 23, 2017

Cisco to Acquire AppDynamics for $3.7 Billion

Cisco to Acquire AppDynamics for $3.7 Billion

The deal "supports Cisco’s strategic transition toward software-centric solutions that deliver predictable recurring revenue," the company says.

By Matthew Heller | January 25, 2017

Cisco Adds CloudLock to Security Offerings

Cisco Adds CloudLock to Security Offerings

CloudLock can help protect data when an employee tries to access sensitive data stored in a SaaS application from an protected device.

By Matthew Heller | June 29, 2016

Security Products Shield Cisco From Weak Networking Market

Security Products Shield Cisco From Weak Networking Market

A 17% gain in revenue from the security business helped offset weak demand for Cisco's network and routing systems in the third quarter.

By Matthew Heller | May 19, 2016