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The cloud on the horizon for Cisco is, well, the cloud. The networking giant faces continued challenges selling switches and routers as many businesses turn to cloud computing. Underscoring the point: Sales dropped 5% year over year to $49.3 billion in the company’s most recent fiscal year, ended July 25, 2020. To revive growth, Cisco went on a spending spree. In December, Cisco said it would buy communications software firm IMImobile for $730 million in a bid to bolster its WebEx videoconferencing and contact center business. A month later, Cisco agreed to acquire optical communications company Acacia Communications for $4.5 billion to boost its networking tech.
Lists ranking Cisco Systems
75 Best Large Workplaces for Women - 2021The companies on this year's list make a conscious...READ MOREview in list
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100 Best Large Workplaces for Millennials - 2021We surveyed tens of thousands of employees to crea...READ MOREview in list
Fortune 500 - 2021This year’s Fortune 500 marks the 67th running of ...READ MOREview in list
100 Best Companies to Work For - 2021Our 2021 list of the 100 best companies to work fo...READ MOREview in list
30 Best Large Workplaces in Technology - 2021Caring leaders at the Best Workplaces in Technolog...READ MOREview in list
World’s Most Admired Companies - 2021After a year in which humanity leaned more heavily...READ MOREview in list