Herren's appointment is the latest in a focused talent strategy to maximize long-term shareholder value and build recurring revenue for Cisco
Cisco announced that R. Scott Herren will join the company as executive vice president and chief financial officer on December 18, 2020. Herren will succeed Kelly Kramer who will retire after serving nine years with Cisco. Herren will report directly to Cisco Chairman and Chief Executive Officer Chuck Robbins.
'I want to thank Kelly for her tremendous contributions to Cisco and for the role she has played in shaping our business towards more software and subscription offers and setting the foundation for our future success. She has been an incredible partner, leader and friend and we wish her the best in her retirement,' said Robbins...
Revenue: $11.9 billion; Earnings per Share: GAAP: $0.51; Non-GAAP: $0.76
"Cisco reported first quarter results for the period ended October 24, 2020. Cisco reported first quarter revenue of $11.9 billion, net income on a generally accepted accounting principles (GAAP) basis of $2.2 billion or $0.51 per share, and non-GAAP net income of $3.2 billion or $0.76 per share.;;"
"Cisco is off to a solid start in fiscal 2021 and we are encouraged by the signs of improvement in our business as we continue to navigate the pandemic and other macro uncertainties," said Chuck Robbins, chairman and CEO of Cisco. "Our focus is on winning with a differentiated innovative portfolio, long-term growth and being a trusted technology partner offering choice and flexibility to our customers. We see many great opportunities ahead as every company in every industry is accelerating its digital-first strategy."
Analysis of millions of corporate users, devices and applications details security consequences of massive change in how we work
"A new report published today from Duo Security at Cisco, the leading multi-factor authentication (MFA) and secure access provider, reveals the unprecedented IT change organizations underwent this year amid a massive shift to remote work, accelerating adoption of cloud technology. The security implications of this transition will reverberate for years to come, as the hybrid workplace demands the workforce to be secure, connected and productive from anywhere.
The 2020 Duo Trusted Access Report details how organizations, with a mandate to rapidly transition their entire workforce to remote, turned to remote access technologies such as virtual private networks (VPN) and remote desktop protocol (RDP), among numerous other efforts. As a result, authentication activity to these technologies swelled 60%, helping propel Duo's monthly authentications from 600 million to 900 million per month. A complementary Cisco survey recently found that 96% of organizations made cybersecurity policy changes during the pandemic, with more than half implementing MFA..."
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