Company: Cisco Systems, Inc.
CEO: Charles H. Robbins
Year founded: 1984
Headquarter: San Jose, California
Number of Employees: 83,300
Type: Public
Ticker Symbol: CSCO
Market Cap (Sept 2022): $166.49 billion
Annual Revenue (FY2022): $51.56 billion
Profit | Net income (FY2021): $11.81 billion
Products & Services: Wireless Systems ǀ WAN Acceleration Hardware | Security Systems | Energy and Building Management Systems | Media Aware Network Equipment
Competitors: Huawei | Dell Technologies | HPE (Aruba)| NETGEAR | Lenovo | Microsoft
Did you know? Cisco is short for “San Francisco. “It is the city where Sandy Lerner and Leonard Bosack founded the firm in 1984. Both scientists tried to rebrand the products using “Cisco” lowercase as a logo to sound unique.
Cisco Systems, commonly known as CSCO, is a renowned networking and technology company. Established in 1984, the company enables networks and connections in education, creativity, philanthropy, and business.
After a year of working, Stanford licensed its proprietary software to the company. Cisco sold a network interface card for computers of Digital Equipment in 1985. It was the first ever product the company sold as an independent firm.
Cisco’s powerful software, hardware, and service offerings have helped people create reliable internet solutions to make networks. Through these networks, people get easy access to information anytime, anywhere.
In addition to these products, Cisco offers a variety of advanced services, along with technical support.
The revenue of Cisco is $51.56 billion
Cisco’s Mission Statement
“Making the future of work, work for all.”
Cisco’s mission statement shows that the leading tech and networking company knows its potential to impact people’s lives and communities. The statement’s main components are as follows.
Mission Statement Analysis
- Embracing the Future
Cisco System’s primary focus is on shaping the future of how people connect and work, and it is evident in its mission statement. Since Cisco’s inception, the company’s engineering teams have become leaders in Internet Protocol (IP) based networking technology development. Today, the company has a team of over 71,000 employees working worldwide.
The company continues its tradition of designing and developing innovative industry-leading solutions and products. The core development areas of this multinational networking and Technology Company are switching and routing. It also focuses on developing advanced technologies, including optical networking, IP telephony, storage area networking, security, and wireless technology.
The company has been a change agent for businesses and people in need of tech advancements. Cisco believes in embracing the future of work as it helps people prepare their networks for cloud-managed Catalyst.
For instance, Cisco Network Cloud is a simple way to deploy, manage, and operate your Nexus network.
- Improving Global Reach
The second component of Cisco’s mission statement satisfies the first element. The company remains open to tech-savvy and talented people. Plus, the IT and networking company nurtures its talent by giving them opportunities to invest in a system that offers possibilities. To meet this need, the company ensures to present itself as a globally dominant, innovative, and dynamic entity within the tech industry.
The latest Cisco products, such as SASE (Secure Access Service Edge), show the company’s commitment to providing high-quality and reliable offerings. SASE is a revolution of safe access anywhere. It is an integrated, flexible approach that unites networking and security in the cloud to protect and connect users working on different devices.
- Ensuring Security
The mission statement indicates that the company considers a secure network an integrated part of a progressive future. That is why providing network security is a priority for Cisco. The company makes sure that the network you work on is secure, safe, and consistent.
Cisco’s Corporate Social Responsibility Goals
“Powering an Inclusive Future for All.”
Cisco has always been inclined toward making a positive impact on society. The company aims to power an inclusive future for everyone. Cisco’s corporate responsibility goal supports its purpose to create an inclusive environment that benefits workers, communities, and, most notably, the planet.
Here are the key components of Cisco’s corporate responsibility goal:
- Creating Positive Outcomes Globally
The goal to impact communities on a global scale reveals Cisco’s vision to promote change and address the world’s most significant challenges. The IT Company aims to impact more than 1 billion people across the globe by 2025. The firm’s partnerships and programs like Cisco Networking Academy help people access multiple opportunities.
- Supporting Environmental Sustainability
Creating a sustainable environment for everyone is one of Cisco’s corporate responsibility goals. The leading IT and networking company takes action to lower greenhouse gas emissions and reduce waste. Cisco’s science-based target focuses on profound GHG reduction across product use, operations, and supply chain.
Cisco’s Core Values
Cisco works hard to create a culture that promotes full-spectrum collaboration, diversity, and inclusion. The company believes in innovating techniques, connecting people, benefiting everyone, and using these as its core values.
The values guide the firm and demand that it takes a stand against ideas and actions that threaten the workforce’s safety, equal rights, and dignity both inside the workplace and in the community where they live.
The values are a part of Cisco’s “Our People Deal” and serve as a strategy to ensure everyone gets the treatment and rights they deserve. Our People Deal is an agreement that articulates what Cisco expects from employees.
The deal encourages employees to give their best to create an inclusive and welcoming environment based on mutual respect and trust. The aim is to promote an environment where the company’s integrity leads and defines actions. It creates an atmosphere that allows people to voice their opinions and hold themselves accountable.
References & more information
- Cisco, Cisco Access Networking Cisco
- Cisco, Meet Cisco Nexus Cloud Cisco
- Cisco, Secure Access Service Edge Cisco
- Cisco, Corporate Social Responsibility Cisco
- Cisco, Our Global Communities Cisco
- Cisco, Our Commitment to Net Zero Cisco
- Cisco, We Are Cisco Cisco
- Featured image by SanderSmit
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