NORTHAMPTON, MA / ACCESSWIRE / August 11, 2023 / Cisco Systems Inc.
This blog is part of our People Behind Purpose at Cisco series that focuses on employees driving Cisco's purpose to Power an Inclusive Future for All. Each blog highlights a different Cisco employee whose work positively impacts people, communities, or the planet. The series was formerly known as people behind Corporate Social Responsibility (CSR) at Cisco.
July 30 is World Day Against Trafficking in Persons. Globally, an estimated 24.9 million people are subjected to human trafficking, which generates an estimated $150 billion annually in illicit profits, per the 2021 National Action Plan to Combat Human Trafficking White House report. According to UNICEF, more than 1.2 million children are trafficked across international borders each year. More than 17,000 people are trafficked into the United States each year. Many are children. These are very sobering statistics that only continue to grow each year.
The Foundation for a Slavery Free World (SFW) is one organization that has partnered with Cisco through Cisco's Community Impact to end human trafficking by public outreach via education and events, supporting law enforcement's efforts to rescue victims, and collaborating with the IT industry to develop new technologies. Cisconian Scarlet Estrada, CX enablement program manager, shares about her involvement with SFW and how all Cisconians can be an advocate for this important topic.
Tell us a little about yourself and what brought you to Cisco?
Scarlet: I was born in Venezuela and began my career with Chevron, working several different analyst positions in both Venezuela and California for a little over ten years.
I then moved to Canada to start a new life with my young family, starting with Boston Pizza as a community relations coordinator, which allowed me to start a new professional network and afforded me the flexibility to raise my young children at the time.
I also held positions as a quality engineering assistant, communications coordinator, and client services account coordinator for different companies.
Through the years, I kept in touch with many colleagues in the corporate world. A friend who was at Cisco reached out to me in 2018 to let me know about a renewals manager position within Cisco's Customer Experience (CX) organization, stating that my background in account coordination, customer experience and marketing would be beneficial to the team. I interviewed, got the job, and began my Cisco career in November 2018.
What is your current role at Cisco, and how do you incorporate Purpose into your everyday work?
Scarlet: I am part of CX IB Methodology core program team responsible for consultants' enablement as well as program development. We partner with renewals teams to make recommendations for services and software renewals, simplifying the renewals landscape and aligning on sales motions to help Cisco optimize customer solutions. My passion is to translate complexity into a simple customer's lens. I have always sought out roles where my primary purpose is to serve and I am always looking for a better, simpler way to do things. People often come to me when they want someone to explain why things are playing out a certain way and to pick up on the hidden complexities of a situation. Every day I strive to make a difference and drive impactful results for our CX organization and Cisco. Working at Cisco offers great flexibility, interacting with people worldwide daily. For me, on top of this, I love to use my Time 2 give hours (T2G) to help with the migrant community and their issues.
How did you first become involved in the Foundation for a Slavery Free World?
Scarlet: I first learned about the Foundation for a Slavery Free World through my daughter in late 2021. She is an actor and had a role on a movie with fellow actor Marisol Nichols, who is the founder and executive director of the foundation.
In between movie takes, I had the opportunity to learn about Marisol's work as an undercover agent to take down traffickers and she shared about an operation where several women from Venezuela were rescued in the Caribbean. Learning about this, and how it affects people from my home country, motivated me to help find a way to get involved with Slavery Free World.
Marisol has been a part of numerous undercover stings leading to the successful arrest of dozens of traffickers and child predators, as well as liberating numerous women and children. And her passion, education, and advocacy for this important and global crisis moved me to help secure a grant through Bright Funds to support SFW's work.
Why is volunteering with Slavery Free World important to you?
Scarlet: As a mom, you are concerned for your children's wellbeing, especially in this digital age where it is very easy for online predators and bad actors to get to vulnerable children. They're a lot more exposed to the world out there than any previous generations.
The National Center for Missing and Exploited Children's (NCMEC) data shows a 35% increase year over year in online child sexual exploitation reports. Sadly, it happens in Canada as predators can reach children online anywhere in the world. I have had to protect my children personally from suspicious people and groomers trying to connect with them online.
Also, the connection to my birthplace Venezuela and the exposure risks and vulnerabilities of women and children as they try to migrate to other countries for better opportunities is especially close to me. Any opportunity I have to help make a positive difference to prevent trafficking from occurring is important to me.
What inroads has Slavery Free World made to combat trafficking?
Scarlet: Slavery Free World (SFW) has reached millions through the website, Marisol's podcast, and on its social media platforms.
It has multiplied its podcast subscribers and reached 10's of millions from its education campaigns. Marisol has also been invited to speak at the prestigious Yahoo Makers conference on her work in anti-trafficking, appeared on numerous talk shows, including Access Hollywood, KTLA, and Today Extra.
As well as speaking at numerous government events such as the AG's Alliance, meeting with law enforcement, and continuing legal education events on human trafficking to discuss how to prevent it, SFW and Marisol are also passionate about educating parents and children on dangers of child traffickers online.
SFW is also meeting with social media platforms about the ways technology can be part of the solution to save women and children from this increasing crime, and in educating and spreading awareness about this most serious issue.
Marisol herself through her undercover work with her foundation has personally assisted in the rescue of numerous women and children and brought dozens of pedophiles and traffickers to justice.
The Marisol Nichols podcast is a true crime show where she talks about her undercover work to bring child predators and traffickers to justice in partnership with key organizations. The second season of her podcast, which will be released soon, includes an episode with Meta on the technology side of this issue.
What are some ways people can get involved in helping with Slavery Free World?
Scarlet: There are several ways anyone can get involved with helping Slavery Free World spread awareness and advocacy.
-
Check out the SFW website and educate yourself.
-
Sign up for and share Marisol's podcast with your social networks.
-
Invite Marisol to come speak at an upcoming organization event.
-
Educate your children and community on the dangers and warning signs of trafficking through SFW's numerous resources.
-
If you notice something dangerous online or in your community that could be related to trafficking, contact your local law enforcement right away. In the United States, you can also reach out to National Center for Missing & Exploited Children - 24-Hour Hotline - 1-800-843-5678 and the National Human Trafficking Hotline - Call 1-888-373-7888 ( TTY: 711) | *Text 233733.
"This is a dark subject and good people don't usually know about it. But for anything to be done to fix this, we need good people be aware of it. So that real change can occur, and children can be free."
- Marisol Nichols
Please also check out this podcast episode on the rescuing of Venezuelan women and children.
View additional multimedia and more ESG storytelling from Cisco Systems Inc. on 3blmedia.com.
Contact Info:
Spokesperson: Cisco Systems Inc.
Website: https://www.3blmedia.com/profiles/cisco-systems-inc
Email: info@3blmedia.com
SOURCE: Cisco Systems Inc.
View source version on accesswire.com:
https://www.accesswire.com/773775/People-Behind-Purpose-at-Cisco-During-World-Day-Against-Trafficking-in-Persons-Everyone-Can-Be-an-Advocate
Indoor positioning solutions can help businesses Strengthen customer experience, increase productivity, and ultimately secure their place in a highly competitive market.
FREMONT, CA: Customer engagement and loyalty have received much attention from retailers in accurate years as vital components in maintaining the success and survival of their establishments against intense competition. Various businesses use indoor positioning technology to Strengthen the consumer experience since they have various advantages, including enabling easy product navigation, simplifying quick searches, and raising the average customer spend.
The worldwide indoor positioning market has already increased to USD 10.9 billion. According to projections, by 2028, the market will have grown significantly to reach USD 29.8 billion, with an exceptional average annual growth rate of 22.3 per cent. Indoor positioning is a cutting-edge solution combining location-based features, including asset tracking and inside navigation. Businesses can use this technology to design effective pathways inside their buildings, pinpoint the location of objects inside those structures, and efficiently track goods, tools, cars, and other assets. The solution is especially useful when satellite navigation is insufficient since it enables the creation of strong mobile apps with navigation and positioning features that are particularly pertinent for retail applications.
Indoor positioning systems are implemented using various technologies, including Bluetooth Low Energy, Wi-Fi, and UWB. Such a system requires the installation of special beacons or tags that transmit radio signals and have unique identifying codes. Readers then collect these signals from sensors, send them to a server, and have the server process them. The prepared information is then sent to users' smartphones or computers so they can access a digital map.
The retail sector can take advantage of various opportunities thanks to indoor locations. The system makes it possible to quickly identify products on a map, create effective routes to find them, send clients personalized messages, and gather visitor flow information to Strengthen store layouts. It can be difficult for customers to immediately understand the layout and discover required products because many retail establishments occupy large locations with several floors and departments. Retailers might benefit greatly from indoor positioning systems because traditional maps and signs may not be sufficient to aid in navigation. Customers may more quickly find the things they want on the digital map using a smartphone app, which reduces shopping time and increases customer satisfaction.
Creating successful pathways inside the store by using precise indoor locations is also possible. When shopping, customers can save time and effort because the system shows them the quickest and easiest routes to desired products. Customer's interest in the store is piqued, and brand loyalty is fostered by carefully organizing the store itinerary based on a shopping list. By adjusting the number of cashiers, indoor placement also enables monitoring of indoor traffic and queue management. The system can provide heat maps showing key visitor concentrations, allowing management to Strengthen the shopping paths.
Cisco Systems (NASDAQ:) shares rose in early Thursday trading after the IT networking company provided positive updates on the earnings call. The stock initially fell in after-hours Wednesday after the company’s FQ4 results and guidance failed to entice investors.
The company said its revenue rose 16% year-over-year to $15.2 billion, just ahead of the consensus of $15.05 billion. For its full fiscal 2023 year, Cisco generated sales of $57 billion. Adjusted earnings per share of $1.14 also managed to come in higher than the consensus of $1.06.
"This past year was a milestone year for Cisco with record performance in both the full year and Q4," said Chuck Robbins, chair and CEO of Cisco. "We are seeing solid customer demand, gaining market share, and innovating in key areas like AI, security, and cloud. This momentum gives us confidence in our ability to capture the many opportunities ahead."
Solid Results and Guidance Given Tough Macro
Cisco generated $6 billion in operating cash flow, which is a significant increase of 62% compared to the same period last year. Product revenue was up 20% while service revenue rose 4%. Business units Secure and Agile Networks both saw their sales rise 33% YoY, while Optimized Application Experiences jumped 15%.
Region-wise, the company witnessed the strongest growth in the Americas region, which also yielded gross margins of 65%. Overall, Cisco reported a total gross margin of 65.9%, which marks a 260-basis points expansion compared to the year-ago period. The adjusted operating margin stood at 35.4%, topping the consensus by 70 bps.
Cisco also said it made progress on business model transformation with total software revenue rising 17%. The company’s ARR (annualized recurring revenue) came in at $24.3 billion, up 5% YoY. Similarly, the RPO (remaining performance obligations) now stands at $34.9 billion, up 11% YoY.
"We delivered double-digit growth in revenue and EPS, generating strong operating leverage in Q4," said Scott Herren, CFO of Cisco. "Our business model transformation drove double-digit growth in software revenue, product ARR and total RPO, leading to greater visibility and predictability. We are committed to expanding operating leverage and increasing shareholder returns over the long term."
Following solid results, Cisco has declared a quarterly dividend of $0.39 per common share to be paid on October 25 to all stockholders of record as of the close of business on October 4.
For this quarter, the company guided for adjusted EPS of $1.03 on revenue of $14.6 billion. This revenue guide implies a 4% decline in sales on a sequential basis. Analysts were looking for adjusted EPS of $0.99 on revenue of $14.57 billion.
The adjusted gross margin is seen at 65.5% while the adjusted operating margin is expected to come in at 34.5%. Both topped the average analyst estimate.
For FY24, Cisco expects EPS in the range of $4.01-4.08 on revenue of $57-58.2 billion, which compares to the analyst consensus for adjusted earnings of $4.05 per share on revenue of $58.3 billion.
Super Well Positioned for AI Transition
While Cisco shares initially dipped on the softer-than-expected full-year revenue guidance, they recovered to trade modestly in the green in the aftermath of the company’s FQ4 earnings call. Robbins argued that the accelerated AI transition “will fundamentally change our world and create new growth drivers for us.”
He reminded investors and analysts on the call that Cisco has been investing in AI for years, including the recently-announced AI products that were described as “market-leading.” These AI-powered products will boost productivity, enhance policy management, and simplify tasks, he said:
“Cisco's ASIC design and scalable fabric for AI position us very well to build out the infrastructure that hyperscalers and others need to build AI ML clusters. This is a huge opportunity for Cisco, and we are laser-focused on leading and winning in this space. As a result of our innovation in this area, we expect Ethernet will lead in connecting AI workloads over the next five years,” Robbins added.
Speaking specifically about Ethernet, Cisco said it has already taken orders “for over half a billion dollars” for AI Ethernet fabrics. In addition to Ethernet, security remains one of the top priorities and growth drivers for Cisco.
Along these lines, the company recently launched a new security service edge solution, which is designed to allow for better hybrid work experiences and significantly simplify access across any location, device, and application.
Generative AI technology is leveraged to Strengthen threat response. It helps to reduce policy complexity, while also working swiftly to detect and remove threats. Cisco said it has incorporated its Zero Trust Access (ZTA) capabilities into a native experience on ) iOS and macOS.
"At Apple, we believe deeply in providing privacy and security that is built in from the ground up,” said Susan Prescott, Apple’s Vice President of Enterprise & Education Marketing. “Later this year, iPhone, iPad, and Mac will have native support for network relays. Together with Cisco Secure Access, enterprises will have a secure and seamless remote access solution, to do their best work from anywhere, on the best devices for business.”
Back to AI, CFO Herren urged patience as the benefits from AI investments are not yet in P&L. Herren said that:
Cisco is “invested early in the AI game” and it remains hopeful that it can become one of the bigger beneficiaries as the company is “getting early success.”
Cisco stock was also boosted by CEO comments that the company gained more than 3 percentage points of market share YoY in its three largest networking markets: Campus switching, wireless LAN, and SP routing.
“We expect further share gains in these areas as market share numbers are released for calendar Q2,” Robbins said on the call.
Summary
Cisco reported a solid set of results for its fourth fiscal quarter, as well as offered an FQ1 forecast that topped analyst estimates. This, coupled with positive updates on the earnings call about the AI transition helped offset a weaker-than-expected full-year revenue guidance.
***
Shane Neagle is the EIC of The Tokenist. Check out The Tokenist’s free newsletter, Five Minute Finance, for weekly analysis of the biggest trends in finance and technology.
In mid-June, I provided my analysis of the low Earth satellite (LEO) space race between front runners AST SpaceMobile and Starlink. Given its intellectual property and potential business model strengths, I gave the edge to AST SpaceMobile in that article. Since then, I have been able to tour two AST SpaceMobile facilities in Midland, Texas, the first visits granted to the media and analyst community since the company’s inception six years ago. I want to share what I have learned from my experience with AST SpaceMobile, and what I continue to find compelling about the company.
AST SpaceMobile tour
My visit to AST SpaceMobile came on one of the hottest days this summer in Texas, making it feel like I was on Mars and not at the Midland International Air & Space Port! My tour of the two facilities was led by Ken Kramer, the company’s senior vice president of manufacturing and general manager of its Midland operations. Kramer brings a wealth of experience to his role, having previously served in senior positions with Aerojet Rocketdyne and Northrop Grumman.
In the first facility I saw at the spaceport, we walked through the clean rooms that birthed the company’s first two test satellites—BlueWalker 1, launched in the spring of 2019, and BlueWalker 3, launched in the fall of last year. It is an impressive space, one that is currently housing several subassembly projects for AST SpaceMobile’s commercial LEO satellite production, including solar panel and wiring harness assemblies. The company could simply purchase these components. However, to mitigate costs, ensure continuity of supply and deliver the highest quality, AST SpaceMobile is taking a vertical integration approach and building these components itself instead. In the process, it is creating high-skill employment opportunities for the Permian Basin, an area that has traditionally relied on the oil and gas industry for most of its jobs.
AST SpaceMobile recently secured a second campus a short distance from the first one; this new campus is being prepared to support the final assembly and testing of the company’s commercial LEO satellites. The facility’s footprint is massive, at more than 100,000 square feet, and should give AST SpaceMobile the room it needs to scale its operations over the long term. As I walked through the facility building by building, I was not only struck by its sheer size but also impressed with the company's investment in property, plant and equipment to prepare itself for large-scale production and deployment.
AT&T partnership
I am convinced that, in choosing AST SpaceMobile, AT&T picked the right LEO satellite partner as it works towards closing gaps in highly remote locations within its terrestrial network. AST SpaceMobile is providing infrastructure that enables AT&T and other network operators worldwide to deliver broader coverage to millions of existing mobile devices and users. This is a brilliant strategy that potentially provides another avenue for operator monetization in the telecommunications industry.
The AT&T and AST SpaceMobile partnership has the potential to scale up and serve as a model for bridging the digital divide globally. accurate funding by the Biden administration earmarked for investment in areas in the United States underserved by broadband and mobile services is not enough. Watershed capabilities, such as the accurate voice call demonstration by AT&T and AST SpaceMobile, could be a big help for providing internet access to the 40 percent of the world still unconnected.
Wrapping up
The benefits arising from AST SpaceMobile’s commercialization efforts are ultimately immeasurable, because they transcend technical specs to help facilitate digital societal inclusion, access to education and re-skilling to foster economic prosperity. In some parts of the world, for example, LEO satellite connectivity will help foster sustainability through the improvement of crop yields and other measures that increase the supply of food through the use of connected agricultural technology platforms. That’s the real impact of AST SpaceMobile’s satellite to terrestrial mobile network connectivity—and it’s well worth celebrating.
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NORTHAMPTON, MA / ACCESSWIRE / August 11, 2023 / Cisco Systems Inc.
This blog is part of our People Behind Purpose at Cisco series that focuses on employees driving Cisco's purpose to Power an Inclusive Future for All. Each blog highlights a different Cisco employee whose work positively impacts people, communities, or the planet. The series was formerly known as people behind Corporate Social Responsibility (CSR) at Cisco.
July 30 is World Day Against Trafficking in Persons. Globally, an estimated 24.9 million people are subjected to human trafficking, which generates an estimated $150 billion annually in illicit profits, per the 2021 National Action Plan to Combat Human Trafficking White House report. According to UNICEF, more than 1.2 million children are trafficked across international borders each year. More than 17,000 people are trafficked into the United States each year. Many are children. These are very sobering statistics that only continue to grow each year.
The Foundation for a Slavery Free World (SFW) is one organization that has partnered with Cisco through Cisco's Community Impact to end human trafficking by public outreach via education and events, supporting law enforcement's efforts to rescue victims, and collaborating with the IT industry to develop new technologies. Cisconian Scarlet Estrada, CX enablement program manager, shares about her involvement with SFW and how all Cisconians can be an advocate for this important topic.
Tell us a little about yourself and what brought you to Cisco?
Scarlet: I was born in Venezuela and began my career with Chevron, working several different analyst positions in both Venezuela and California for a little over ten years.
I then moved to Canada to start a new life with my young family, starting with Boston Pizza as a community relations coordinator, which allowed me to start a new professional network and afforded me the flexibility to raise my young children at the time.
I also held positions as a quality engineering assistant, communications coordinator, and client services account coordinator for different companies.
Through the years, I kept in touch with many colleagues in the corporate world. A friend who was at Cisco reached out to me in 2018 to let me know about a renewals manager position within Cisco's Customer Experience (CX) organization, stating that my background in account coordination, customer experience and marketing would be beneficial to the team. I interviewed, got the job, and began my Cisco career in November 2018.
What is your current role at Cisco, and how do you incorporate Purpose into your everyday work?
Scarlet: I am part of CX IB Methodology core program team responsible for consultants' enablement as well as program development. We partner with renewals teams to make recommendations for services and software renewals, simplifying the renewals landscape and aligning on sales motions to help Cisco optimize customer solutions. My passion is to translate complexity into a simple customer's lens. I have always sought out roles where my primary purpose is to serve and I am always looking for a better, simpler way to do things. People often come to me when they want someone to explain why things are playing out a certain way and to pick up on the hidden complexities of a situation. Every day I strive to make a difference and drive impactful results for our CX organization and Cisco. Working at Cisco offers great flexibility, interacting with people worldwide daily. For me, on top of this, I love to use my Time 2 give hours (T2G) to help with the migrant community and their issues.
How did you first become involved in the Foundation for a Slavery Free World?
Scarlet: I first learned about the Foundation for a Slavery Free World through my daughter in late 2021. She is an actor and had a role on a movie with fellow actor Marisol Nichols, who is the founder and executive director of the foundation.
In between movie takes, I had the opportunity to learn about Marisol's work as an undercover agent to take down traffickers and she shared about an operation where several women from Venezuela were rescued in the Caribbean. Learning about this, and how it affects people from my home country, motivated me to help find a way to get involved with Slavery Free World.
Marisol has been a part of numerous undercover stings leading to the successful arrest of dozens of traffickers and child predators, as well as liberating numerous women and children. And her passion, education, and advocacy for this important and global crisis moved me to help secure a grant through Bright Funds to support SFW's work.
Why is volunteering with Slavery Free World important to you?
Scarlet: As a mom, you are concerned for your children's wellbeing, especially in this digital age where it is very easy for online predators and bad actors to get to vulnerable children. They're a lot more exposed to the world out there than any previous generations.
The National Center for Missing and Exploited Children's (NCMEC) data shows a 35% increase year over year in online child sexual exploitation reports. Sadly, it happens in Canada as predators can reach children online anywhere in the world. I have had to protect my children personally from suspicious people and groomers trying to connect with them online.
Also, the connection to my birthplace Venezuela and the exposure risks and vulnerabilities of women and children as they try to migrate to other countries for better opportunities is especially close to me. Any opportunity I have to help make a positive difference to prevent trafficking from occurring is important to me.
What inroads has Slavery Free World made to combat trafficking?
Scarlet: Slavery Free World (SFW) has reached millions through the website, Marisol's podcast, and on its social media platforms.
It has multiplied its podcast subscribers and reached 10's of millions from its education campaigns. Marisol has also been invited to speak at the prestigious Yahoo Makers conference on her work in anti-trafficking, appeared on numerous talk shows, including Access Hollywood, KTLA, and Today Extra.
As well as speaking at numerous government events such as the AG's Alliance, meeting with law enforcement, and continuing legal education events on human trafficking to discuss how to prevent it, SFW and Marisol are also passionate about educating parents and children on dangers of child traffickers online.
SFW is also meeting with social media platforms about the ways technology can be part of the solution to save women and children from this increasing crime, and in educating and spreading awareness about this most serious issue.
Marisol herself through her undercover work with her foundation has personally assisted in the rescue of numerous women and children and brought dozens of pedophiles and traffickers to justice.
The Marisol Nichols podcast is a true crime show where she talks about her undercover work to bring child predators and traffickers to justice in partnership with key organizations. The second season of her podcast, which will be released soon, includes an episode with Meta on the technology side of this issue.
What are some ways people can get involved in helping with Slavery Free World?
Scarlet: There are several ways anyone can get involved with helping Slavery Free World spread awareness and advocacy.
- Check out the SFW website and educate yourself.
- Sign up for and share Marisol's podcast with your social networks.
- Donate to https://cisco.benevity.org/en-ca/campaigns/609
- Invite Marisol to come speak at an upcoming organization event.
- Educate your children and community on the dangers and warning signs of trafficking through SFW's numerous resources.
- If you notice something dangerous online or in your community that could be related to trafficking, contact your local law enforcement right away. In the United States, you can also reach out to National Center for Missing & Exploited Children - 24-Hour Hotline - 1-800-843-5678 and the National Human Trafficking Hotline - Call 1-888-373-7888 ( TTY: 711) | *Text 233733.
"This is a dark subject and good people don't usually know about it. But for anything to be done to fix this, we need good people be aware of it. So that real change can occur, and children can be free."??? ?????????
- Marisol Nichols
Please also check out this podcast episode on the rescuing of Venezuelan women and children.
View original content here.
View additional multimedia and more ESG storytelling from Cisco Systems Inc. on 3blmedia.com.
Contact Info:
Spokesperson: Cisco Systems Inc.
Website: https://www.3blmedia.com/profiles/cisco-systems-inc
Email: info@3blmedia.com
SOURCE: Cisco Systems Inc.
View source version on accesswire.com:https://www.accesswire.com/773775/People-Behind-Purpose-at-Cisco-During-World-Day-Against-Trafficking-in-Persons-Everyone-Can-Be-an-Advocate
