$14.6 billion in revenue, up 14% year over year; GAAP EPS $0.78, up 7% year over year, and Non-GAAP EPS $1.00, up 15% year over year
Cisco reported third quarter results for the period ended April 29, 2023. Cisco reported third quarter revenue of $14.6 billion, net income on a generally accepted accounting principles (GAAP) basis of $3.2 billion or $0.78 per share, and non-GAAP net income of $4.1 billion or $1.00 per share.
"We once again delivered a strong quarter in a dynamic environment," said Chuck Robbins, chair and CEO of Cisco. "In Q3, we delivered record revenue and double-digit growth in both software and subscription revenue. As key technologies like cloud, AI and security continue to scale, Cisco's long-established leadership in networking, and the breadth of our portfolio position us well for the future."
Design, develop, deploy, and manage applications in the cloud
Cloud native represents a shift in how organizations design, develop, deploy, and manage applications in the cloud. Developers build cloud-native applications from the ground up to fully utilize the unique features of cloud platforms, rather than retrofitting existing applications to work in the cloud as an afterthought. The approach increases agility, scalability, and reliability for businesses. However, it also brings new challenges and demands for developers and DevOps engineers, including a reimagined understanding of security, containerization, and multi-cloud observability. Whether you're attending CLUS 2023 in person or following along online, if you're interested in sharpening your cloud native skills, this learning map is for you!
The cloud has become a vital tool for businesses of all sizes, providing flexibility, scalability, and cost-effectiveness that are necessary to compete in today's fast-paced digital landscape.
However, as more companies move their applications and data to the cloud, they face new challenges in terms of security, connectivity, observability, optimization. That's where Cisco comes in.
'Cisco is meeting customers where they are by offering end-to-end solutions for their cloud journeys, including cloud security, connectivity, observability, and remote work.'
As a leading provider of networking, cybersecurity and observability solutions, Cisco has become a trusted partner for businesses looking to navigate their cloud journeys. Cisco offers end-to-end solutions for customers' cloud journeys, including cloud connectivity, cloud security, cloud observability, cloud optimization, and remote work.
The popular 1960s American TV show, Star Trek, featured a fictional device called a 'holodeck,' that used holograms. Star Trek used these 3D simulations in both real and imaginary settings to allow its characters to interact with the environment, objects, and other characters.
Not only that, but the show's characters use holodecks for tasks, such as scientific simulations or tactical, covert training.
What's a hologram? you wonder.
Holograms are projected light and electromagnetic energy that create the illusion of solid objects.
Fast forward to modern times, and that work of fiction is becoming a reality. Today, holograms are becoming a reality for experiential learning. Read on to explore how the rise of immersive technologies, such as holograms, is having a fascinating impact on the digital learning space; namely, in the promise of offering us new ways to approach learning challenges.
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