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OFFON

CISCO SYSTEMS, INC.

(CSCO)
  Report
Delayed Quote. Delayed Nasdaq - 10/27 04:00:00 pm
56.18 USD   +0.66%
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Cisco : Platform Simplicity, Profitability and Partners for the WIN!

09/20/2021 | 11:12am EDT

As I reflect on my first 9 months in this role, all I can say is wow! The innovation has been tremendous with over 800 new features, new products, and new programs focused on partner profitability and growth. I am so appreciative of the loyalty and commitment from our partners. Your feedback, dedication, selling tenacity and focus on our customers is unbeatable. You are simply the best. Thank You, Thank You, Thank You!

Transitioning to a new fiscal year has never been more exciting. Our collaboration team continues to deliver breakthrough innovations that are reinventing the collaboration experience and removing friction to power hybrid work. Some recent enhancements include….

The power of the platform: Webex Suite offer

In June 2021, we introduced the Webex Suite, the world's first best-of-breed hybrid work solution for calling, meetings, messaging, polling/Slido, and events available as a single enterprise agreement. And now, we are further enhancing our amazing offer.

Available September 15, 2021, the Webex Suite will be revamped as an Enterprise agreement or Named User offer which further enables our partners to deliver the most flexible, supportive, inclusive, secure, managed and economical collaboration solution for the hybrid workforce. Purchasing the Webex Suite will bring over 40% savings, while also including productivity and inclusive tools like polling / Q&A, whiteboard capabilities, Webex Assistant, and a 50% devices discount with the Webex Device Cloud Promotion.

In addition to these amazing customer offers we've also updated our SaaS NFR and device NFR programs to ensure you have access to the latest features and products. Be sure to take advantage of generous discounts on Webex products for internal use and customer demos.

Simplicity to create sales velocity

The collaboration space has never been more competitive, and we must all move quickly to win. Customers expect SaaS solutions to be transacted and delivered with ease and consistency. In Q1 we've delivered several updates including the simplification of our customer promotions, new cloud calling set up programs to reduce migration cost, and an agency route to market to more easily sell into in the SMB.

Partner profitability is our north star

As we evolve our go-to-market efforts partner profitability remains at the heart of all we do. We are creating opportunities for you to maximize your revenue and margin potential on every deal and throughout the lifecycle. On the frontend we increased VIP program incentives for selling the Webex Suite, adding devices, and transitioning customers to the cloud. Our Lifecycle Incentive offers lucrative rewards for activating Webex licenses, driving utilization, and adding new workloads. We have recently launched Lifecycle Starter for Cloud Calling to reward partners for migrating calling customers to cloud. Be sure to take advantage of all these opportunities to increase your profitability.

With so much new investment pouring into our partners you can see why I'm excited about the new fiscal year. I'll leave you with three upcoming events you will not want to miss:

Regional Partner Enablement Sessions - Weekly training webinars to get you up to speed on the latest products, programs, resources, and tools.
Americas | EMEAR | APJC

Fast and Furious with Webex - Learn how to increase you Webex sales by improving transactional velocity and accelerating profitability for your company.
Americas | EMEAR | APJC

WebexOne - The pre-eminent collaboration event to help you educate customers and build your pipeline

Thank you for your partnership and wishing you all the best!

We'd love to hear what you think. Ask a Question, Comment Below, and Stay Connected with #CiscoPartners on social!

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Disclaimer

Cisco Systems Inc. published this content on 20 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 September 2021 15:11:00 UTC.


ę Publicnow 2021
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Financials (USD)
Sales 2022 52 890 M - -
Net income 2022 11 997 M - -
Net cash 2022 18 266 M - -
P/E ratio 2022 19,4x
Yield 2022 2,67%
Capitalization 237 B 237 B -
EV / Sales 2022 4,13x
EV / Sales 2023 3,86x
Nbr of Employees 79 500
Free-Float 99,9%
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Cisco Systems, Inc. Technical Analysis Chart | CSCO | US17275R1023 | MarketScreener
Technical analysis trends CISCO SYSTEMS, INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 29
Last Close Price 55,81 $
Average target price 63,10 $
Spread / Average Target 13,1%
EPS Revisions
Managers and Directors
Charles H. Robbins Chairman & Chief Executive Officer
Richard Scott Herren Chief Financial Officer & Executive VP
Jacqueline Guichelaar Group Chief Information Officer & Senior VP
Maria Martinez Chief Operating Officer & Executive Vice President
Roderick C. McGeary Independent Director
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