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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.
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Lists ranking Cisco Systems
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World’s 25 Best Workplaces - 2021Companies on this year's list earned recognition b...READ MOREview in list
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