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Digital Network Architecture is the bold, new vision that Cisco has set for its networking technology. In short, DNA is an open, software-driven approach to networking technology that mirrors the digital transformation that is happening across the board in enterprise IT. CDW's Will Kerr paid a visit to the Cisco booth at Cisco Live to give us a peek at three new technologies that Cisco has unveiled along with its DNA initiative: New 9000 Series Catalyst switches, Cisco DNA Center and Cisco SD Access.
For more highlights and news from Cisco Live, check out our Cisco Live 2017 conference coverage page.
This content was produced in partnership with Cisco.
With so many working from home these days, it’s important to have an infrastructure in place that allows for the seamless transition between remote and office locations. One way to solve this is to pull all of the data and applications that are resident on a person’s laptop and have the data instead be resident on a system architecture within the customer’s data center. That enables the centralized management of applications, data, and system backups. Patches and updates to the apps can then be prioritized. So, VDI provides the ability for a laptop or home computer to be able to access the required data and applications within a consistent user interface. An additional benefit is that if the company laptop is stolen, a new one can be sent to the employee and they can access their virtual desktop and be productive immediately. A smart way to approach the datacenter infrastructure for VDI is to leverage cloud computing — more specifically Cisco’s future-ready UCS X-Series Modular Systems, for converged and hyper-converged infrastructure.
Cisco’s Virtual Desktop Infrastructure (VDI) solutions for X-Series provides a remarkably flexible, scalable, and capable provisioning and management tool for an organization or business that needs it. But here’s the most important point: It’s not just for work-from-home situations. The technology offers a widespread and scalable rollout for just about any form of implementation for any industry. IT organizations benefit from all of the technology X-Series has to offer, including high server performance, 100G networking, Nvidia GPU support on both the server compute node and via a dedicated node, comprehensive management tools, within fully scalable chassis. And since it’s future-ready and modular, upgrades and streamlined performance are always accessible — you don’t have to worry about upgrading all of your hardware to keep up with performance and software improvements.
Let’s take a closer look at what Cisco’s VDI infrastructure truly has to offer, and how NVIDIA’s latest and greatest solutions plays a role.
There is a wide range of job roles across a number of vertical markets that VDI can address. One type of user is called the “Power User,” and it’s a job role where they work with applications that generate very complex renderings. The work requires greater amounts of memory and Intel CPU processing cycles to complete, which impacts the overall system performance — thus they are a high-power user. One way to ease power burdens is to add NVIDIA GPUs to the configuration. A Graphical Processor Unit (GPU) can perform the application renderings, removing the burden from the CPU inside the server. Of course, this offers many benefits to performance and the user experience.
Cisco’s technology delivers a future-ready infrastructure prepared for just about anything, with a remarkably simple operating model — organizations benefit from simple configuration, easy deployment and implementation, managed from Cisco Intersight.The result is an ideal platform on which leading VDI “broker” solutions from Citrix and VMWare can be deployed. With Cisco’s solutions, customers can roll out highly-advanced systems and architecture easier than ever.
Some of the advantages include:
It’s a great platform for any company that wants centrally managed infrastructure, with less hassle and improved uptimes. But also it’s highly scalable, ideal for IT services, with higher profitability and performance than most local solutions. Organizations can swap over pretty easily, netting significant cost savings via server consolidation, power savings, and potentially application license savings, but without sacrificing the power and performance they’ve come to expect.
How do the employees benefit? They can work from any location, on any endpoint, and at any time without losing access to the tools they need most — and better yet, without anyone having to manage several forms of hardware, various versions of applications, patch management, and all of the IT overhead associated with it.
Referring to a future-proof solution, the primary focus is the hardware behind the scenes, and in Cisco’s systems, that’s governed by the X-Series architecture. Yes, as time goes on and more powerful hardware is needed, newer compute nodes can easily be added to the X-Series chassis, all managed by Cisco’s cloud-based systems management tool, Cisco Intersight. The Cisco VDI technology, utilizing either Citrix or VMware Horizon, allows for more workloads with higher demands, albeit now using more-efficient hardware. As opposed to traditional rack-mounted servers, with UCS all that power is still delivered through a smaller and more manageable form factor. It’s more convenient overall and uses a single multifunctional management tool for administrators and IT.
Cisco claims the UCS X-Series “rethinks what a server can and should be.” It’s adaptable, expandable, and remarkably efficient — by deploying these systems, businesses save time on IT and digital operations. IT teams have had to completely reimagine their operating models to match the new remote and hybrid workforces. Even with teams returning to the office, the same concerns are going to persist, particularly when it comes to security and dynamic endpoint management. Yet with VDI solutions, it doesn’t matter whether you’re managing 500 users to 5,000, or where they’re connecting and working from — home, office, or a remote location — instant access and flexibility are always there.
Where does NVIDIA fit in?
At the heart of those UCS X-Series systems for accelerated VDI are NVIDIA’s powerful GPUs and software, and not just for graphics-intensive capabilities either. Breakthroughs in AI, data analytics, IT and managed services, accelerated computing, and beyond are all being supported and driven by NVIDIA and Cisco’s technologies. The NVIDIA A16 and A40 are ideal fits to support the vast majority of power user requirements while the NVIDIA A100 Tensor Core GPU, for example, complements AI infrastructure and makes a huge performance difference for Cisco customers.
Server-side, the hardware works together to provide unprecedented performance and experiences to users, who are connecting from all over the world. GPU-accelerated virtual desktop solutions elevate the user experience in many ways. Yes, the performance is enhanced, but the related systems are capable of much more than your average desktop solution. Graphic and visual design, game development, software development, AI processing, 3D rendering of any kind — all of these activities benefit from NVIDIA GPUs. Distributed workers get the power they need for any task, and they don’t have to upgrade a single thing — it’s accessible from any endpoint whether that’s a work laptop, desktop at the office, or another remote platform entirely.
It’s not any one environment that’s going to be the major driver of cloud computing adoption. Just as IT organizations and workers adapted to a sudden shift to hybrid work circumstances a couple of years ago, it’s going to happen again with many returning to offices and IT relocating workloads by moving from the cloud back to on-premise deployments in the data center. It doesn’t make sense to manage the necessary hardware on traditional platforms with old methods, especially when data centers are maintained in-house. A more cost-effective, flexible, and, frankly, a better-performing solution is to offset the technology, by implementing Cisco’s VDI platform(s). It empowers the same paradigms as a BYOD environment, albeit with much safer and better-maintained solutions behind the scenes.
Some real world uses are:
In a world where infinitely more power and performance are required, and where there’s a continued demand by the average workforce, it makes sense to roll out a centrally managed solution like Cisco’s VDI technology. Why handle everything on your own when you get the full support of industry experts, with the hardware and resources to back it all up?
NVIDIA and Cisco are collaborating to deliver precisely this, in virtual desktop and cloud technologies that truly transform the end user experience. If you have any lingering questions, and as with most things, the best way to understand is to experience it for yourself, or rather experience it with the rest of your team(s).
Energy Efficiency in Glazed Architecture: get Guardian Glass' Free eBook
Few materials offer the design flexibility of high-performance glass to help achieve energy efficiency, and often without compromising aesthetics. It can be beautiful yet versatile, innovative yet timeless, able to inspire but also help save energy and promote well-being. Guardian Glass's new eBook introduces some important subjects that begin to demonstrate how glass can do this.
Among the subjects covered in the eBook are:
The Massachusetts Department of Transportation (Mass DOT) District 3 Administration Building can be found as a case study in another eBook by Guardian Glass– Glass: a versatile and energy efficient solution for different climates | Guardian Glass –, which stands to become a showcase for net zero energy performance on the East Coast once certified. Its IGUs use Guardian SunGuard® SNX 62/27 and IS 20 low-E coatings on UltraClear® low-iron glass. This makeup delivers ample visible light, reduces solar heat gain and provides thermal efficiency to the whole system, exemplifying the Guardian commitment to stewardship.
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Cisco is set to unveil a new edition of its SD-WAN software that will extend the system’s reach and include new management capabilities.
Among the most significant enhancements to Cisco SD-WAN release 17.10, expected in December, is the ability to use Cisco SD-WAN Multi Region Fabric (MRF) support with existing Software Defined Cloud Interconnect (SDCI) systems to significantly expand the reach and control of the SD-WAN environment.
MRF lets customers divide their SD-WAN environments into multiple regional networks that operate distinctly from one another, along with a central core-region network for managing inter-regional traffic, according to Cisco.
SDCI technology is used to link enterprise resources to a variety of cloud, network, and internet service providers. Cisco customers could use SDCI with their SD-WAN deployments in the past but not MRF.
By combining the two technologies and using the Cloud OnRamp Multicloud Interconnect Gateway in Cisco SD-WAN software, customers can now set network, configuration and security policies across a wide variety of locations from a central site. Cisco’s SD-WAN Cloud OnRamp links branch offices or individual remote users to cloud applications such as Cisco’s Webex, Microsoft 365, AWS, Google, Oracle, Salesforce and more.
Customers can now assign regions and roles to SD-WAN edges deployed within SDCI infrastructure, and they can segment MRF regions into multiple sub-regions and share border routers between these sub-regions, allowing for better redundancy and failover-centric network designs, according to John Joyal, senior manager, product and solutions marketing with Cisco's enterprise SD-WAN and routing group. (Joyal wrote a blog about Cisco's SD-WAN MRF enhancements.)
In addition to the MRF integration, Cloud OnRamp now includes improved telemetry to offer customers better insight into and management of attached Webex application and network resources.
Another new Cloud OnRamp feature automatically programs Kubernetes application connectivity requirements, letting customers more quickly bring up those resources in an SD-WAN environment, Cisco stated.
On the security side, Cisco has expanded its Secure Access Service Edge (SASE) options by adding integration with security platforms from Cloudflare and Netskope. This follows a similar integration between Cisco SD-WAN and ZScaler security offerings.
Cisco also said it would integrate its SD-WAN alerts with Splunk’s security information and event management (SIEM) system.
Also part of the 17.10 release is the deeper integration with Microsoft’s Azure cloud service that Cisco talked about in October.
Cisco said its SD-WAN package will let Azure customers build automated site-to-site connectivity over Microsoft’s global network using the Cisco SD-WAN Cloud Hub and Azure Virtual WAN with its multi-region fabric.
The idea is to let customers build single or multiple overlays on top of Microsoft’s backbone to interconnect enterprise sites worldwide, and to connect sites to workloads running inside Azure, similar to an arrangement Cisco has with Google Cloud.
Microsoft’s fabric can identify a site based on its geographic location and attach sites to regions based on geographic boundaries. With Cisco SD-WAN Cloud Hub, enterprises that have deployed Cisco SD-WAN fabric for their WAN infrastructure can now securely extend their fabric to the public cloud in a simple and automated way and consider utilizing this for their global site-to-site connectivity, the companies stated.
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Cisco announced it is expanding its learning portfolio with new business architecture training and certifications designed to accelerate the pace of business transformation, innovation and growth. Providing professionals with the latest skills, tools and best practices enables them to build and strengthen the bridge between technology solutions and business needs. These new offerings mark the second exact addition to Cisco’s business transformation-focused learning portfolio.
“The relationship between customer and vendor is being significantly disrupted by digital transformation, with the long-term result being a closer relationship, spanning more than the deal,” said Shadi Salama, Channel Leader – East Region, Cisco Middle East. “As the industry transforms and companies try to evolve their businesses, new talent gaps are forming. Our new Business Architecture training and certification offerings target the business skills that go hand in hand in conjunction with the technology skills to address the growing talent needs brought forth by business transformation.”
According to a exact analyst report, only about 15 percent of organizations feel they have the right talent in place for digital transformation. Cisco is addressing this skill gap by expanding its training, certification and enablement programs. Three new specialist certifications and related training courses have been designed to progressively build and validate expertise in business architecture:
Training courses supporting each of these certifications, respectively, include:
These new offerings broaden Cisco’s Business Transformation portfolio initiatives, launched in April 2017, with the introduction of the Customer Success Manager certification. Cisco continues to develop a pipeline of additional training and certifications that will further advance skills in this area.
Tejas Vashi, senior director, product strategy and marketing, Cisco Services: “As Cisco helps customers transform their businesses, we’re leveraging our expertise and leadership to address both technology and talent concerns across the industry. Understanding business architecture is key as business transformation continues, because successful organizations will increasingly rely on professionals who can foster flexibility and cross-functional collaboration to deliver optimal business outcomes.”
Shares of networking hardware giant Cisco Systems (CSCO -1.08%) have trended lower this year, just like most other tech stocks. A 25% decline in the stock price has made it look cheap. Cisco reported adjusted earnings per share of $3.36 in fiscal 2022, which ended July 30, putting the price-to-earnings ratio at 14.
That's not a particularly optimistic valuation for a company that is the overwhelming leader in its core markets. Cisco held a 42.3% share of the ethernet switch market in the second quarter, more than quadruple its next-largest competitor. In the service provider and enterprise router market, Cisco captured roughly one-third of all sales.
Despite Cisco's dominance, the company is prone to big drops in demand when economic uncertainty runs high. Cisco's products are mission critical, but it's also easy for an enterprise customer to delay upgrades during tough economic conditions.
With a recession a possibility in 2023, is now the time to buy Cisco stock?
Looking at Cisco's latest quarterly results, the company appears to be doing just fine. Revenue rose 7% year over year to $13.6 billion in the fiscal first quarter ended Oct. 29, and adjusted EPS jumped 5% to $0.86.
Importantly, Cisco's guidance for the full year is optimistic. The company sees revenue growing by between 4.5% and 6.5%, with non-GAAP EPS solidly above fiscal 2022 levels.
Cisco's transformation into a solutions provider is making the company's results a bit more predictable. While selling hardware is still the core business, the company has grown into a recurring revenue powerhouse. Subscriptions generated $5.9 billion of revenue in the first quarter, about 43% of total revenue. Of that, software subscription revenue was $3.3 billion, while service subscription revenue totaled $2.5 billion.
Cisco's results this year will be partly driven by a big backlog of orders. The company expects to end the fiscal year with a backlog that's two to three times larger than historical levels. Supply chain constraints throughout the pandemic have held up hardware shipments, and any software subscriptions tied to that hardware also got caught up in the backlog. Cisco's software subscription revenue surged 11% in the first quarter, as some of those subscriptions got delivered, although the company still has more than $2 billion of software in its backlog.
Even if global economies enter recession next year, Cisco's enormous backlog and its trove of subscription revenue should help prop up sales for a while, even if underlying demand deteriorates.
While Cisco expects revenue to grow this year, it's already seeing its customers pulling back on new orders. Total product orders plunged 14% in the first quarter. Europe, the Middle East, and Africa was the worst geographic segment for Cisco, with product orders down 23%. The company pointed to sky-high energy prices in Europe as one reason for the pullback, but it noted that some of its product lines that focus on lowering energy consumption could do well in this environment.
While orders were down, this was still the second-largest order tally for the first quarter in Cisco's history. Cisco had a difficult comparison against an extremely strong quarter for orders last year.
And it wasn't all bad news: Product orders coming from U.S. enterprise customers grew slightly, partly offsetting weakness from other customer groups.
Cisco's order backlog gives it visibility into revenue over the next few quarters, but if product orders continue to deteriorate, the company will work through that backlog and once again be at the mercy of end-market demand. And if a recession does strike next year, a prolonged period of weak product orders seems likely.
Cisco's dominant market position and inexpensive valuation make it one of the most appealing tech stocks to buy right now. However, anyone who's considering investing in Cisco needs to understand that the company's revenue and profits can be a bit volatile. An overloaded backlog is smoothing things out right now, but that can't last forever.
Be ready for a revenue and profit decline sometime next year if global economies continue to deteriorate. In the long run, Cisco is aiming to grow revenue and profit by 5% to 7% annually. But that won't happen every year. If you're a long-term investor able to stomach some temporary setbacks, Cisco is a great stock to buy.
We're bearish on Cisco Systems, Inc. (NASDAQ:CSCO) under the current macroeconomic environment. We're excited to see Cisco's earning report for its first quarter of FY2023 (expected on 16 November), but believe weaker demand under current financial stresses will gate-keep Cisco's financial performance.
Cisco is an IP-based networking company that provides an array of differentiated services for providers, enterprises, businesses, and commercial users. More recently, the company's expanding its presence in the network security domain, and we expect this focus on security and data centers to serve as growth catalysts in the long run. In the near term, however, we believe the company will face weak demand as businesses and enterprises figure out how they will spend their 2023 budget. We expect enterprise customers that make up most of Cisco's revenue will be more hesitant to spend their budget on network security under current macroeconomic volatility. We also believe Cisco itself will be directly pressured by the macroeconomic headwinds resulting from foreign exchange headwinds. We recommend investors wait for a better entry point on Cisco stock.
Cisco is among the largest players in the networking space, but we believe the company is not immune to macroeconomic headwinds impacting customer demand. The current macroeconomic environment is harsh, to say the least, with inflation at the highest it's been in 40 years. Enterprises and businesses are facing increased financial stress, and we expect this to be reflected in their spending habits regarding network security and data centers. Enterprise customers reported a 15% Y/Y growth in fiscal Q4 2022, making it Cisco's fastest-growing customer base. We expect corporate tech buyers to cut costs under inflationary pressures and rising interest rates. While we love Cisco's business model, we believe the company is vulnerable to spending cuts from its customers under current financial stresses.
Cisco also derives a significant amount of its revenue from federal, state, and local government markets. We believe this makes the company exposed to stringent budget behavior by the U.S government. We expect Cisco to grow meaningfully once macroeconomic headwinds ease, but believe the stock price remains volatile in the near term.
The following table outlines Cisco's customer market in its fiscal Q4 2022.
A significant amount of Cisco's revenue is derived from outside the U.S, around 42% in FY2021, subjecting the company to foreign exchange headwinds due to the strong U.S. dollar. We expect the company's financial performance to be exposed to exchange rates of other currencies - euro, pound, renminbi, and yen - compared to the strong U.S. dollar. We maintain our belief that Cisco will grow in the long run but expect the stock to be pressured by FX headwinds toward 2023.
Cisco provides various products and services to service providers, enterprises, and businesses, but security and data centers take the cake for Cisco's fastest-expanding markets. We're constructive on Cisco's rapid expansion in the network security domain. The network security domain is expected to grow significantly with a CAGR of 16.7% between 2022-2030.
The following image outlines the forecasted growth in the global network security market.
Since 2019, Cisco has been focusing its revenue growth on its secure, agile networks segment, and we expect the company to benefit from tailwinds for network security domains worldwide. The company's network security includes products and services preventing unauthorized access to systems. The company's data center products encapsulate Cisco Unified Computing Systems and Server Access Virtualization.
The following graph outlines Cisco's revenue by segment over the past few years.
Cisco's facing stiff competition from Arista Networks, Inc. (ANET), Juniper Networks, Inc. (JNPR), Hewlett Packard Enterprise Company (HPE), Huawei, and the Ethernet switch router market. We expect competition will force Cisco's hand to offer discounts and deals to maintain its customer base. Competitors are revamping their product lines in the switch router market, and we believe Cisco needs to bring its A-game to keep up with the competition and maintain profitability.
Cisco grew around 27% over the past five years. YTD, the stock is down about 30% alongside the larger tech peer group. The stock underperforms the S&P (SPY) index on the YTD metric, with SPY declining 17% over the same period. Cisco's competition is also feeling the pressure of macroeconomic headwinds; Juniper is down around 15%, Arista Networks around 11%, Dell (DELL) around 25%, VMware (VMW) about 1%, Aruba (HPE) around 5%, NetGear (NTGR) around 34%, and Extreme Networks (EXTR) up almost 19%. YTD, Cisco underperforms the bulk of its competition. We expect the stock to drop further towards 2023 and recommend investors wait for a better entry point.
The following graphs outline Cisco's YTD performance compared to the index and competition.
Cisco is relatively cheap, but we believe there is more downside to be factored into the stock. On a P/E basis, Cisco is trading at 11.6x C2024 EPS of $3.87 compared to the peer group average of 18.2x. The stock is trading at 3.0x C2024 on an EV/Sales metric versus the peer group average trading at 3.8x. We're bullish on Cisco in the long run but recommend investors wait to see how enterprise spending pans out toward the end of the year.
The following graph outlines Cisco's valuation relative to the peer group.
Wall Street is divided on the stock. Of the 38 analysts covering the stock, 12 are buy-rated, 16 are hold-rated, and the remaining are sell-rated. We attribute the lack of a unified rating on Cisco to concerns over how near-term macroeconomic headwinds will impact the stock. Cisco is currently trading at $45. The median and mean price targets are set at $53 and $55, respectively, with a potential upside of 17-22%.
The following tables outline sell-side ratings and price targets for Cisco.
We like Cisco's position in the networking space, specifically with its growing focus on security and data center markets. We expect the security and data center markets to enjoy significant growth as the enterprise world becomes more digitized. Yet, we believe the near-term financial stresses will chokehold meaningful growth in the industry towards 2023. We expect more downside to be factored into Cisco stock in the near term and recommend investors wait for a better entry point.
Branded solution builds on Cisco Partner Lifecycle Services portfolio to complement ePlus' existing services portfolio
HERNDON, Va., Nov. 2, 2022 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) announced today that it is the first North American partner to be qualified in the Cisco Partner Lifecycle Services Support (PLS-S) program. The ePlus branded solution, ePlus Lifecycle Services Support (eLSS), was developed to centralize and streamline the technical support experience by providing first-call multi-product, multi-vendor architecture support for Cisco and adjacent technologies.
Through program participation, customers may benefit from speedier times to resolution, expedited connection to solution experts, minimized IT and business disruption, and predictable costs to plan for expansions or new deployments. Leveraging a unique combination of people, process, and tools, eLSS complements ePlus' existing services portfolio, which includes Enhanced Maintenance Support for device-level issues as well as full managed services for proactive monitoring and management.
"ePlus is pleased to participate in the Partner Lifecycle Services Support program. In fact, we were the first Cisco partner in the Americas, and the second worldwide, to build out services through PLS-S," said Darren Raiguel, chief operating officer at ePlus Technology. "It is an example of how ePlus and Cisco are responding to shifts in how technologies are consumed and supported through a lifecycle approach. ePlus eLSS complements services for customers with complex architecture solutions and the co-delivered model features automated, integrated, and shared ticket data for efficient and accelerated issue resolution."
To read more information about ePlus' Cisco offerings and partnership, please visit: https://www.eplus.com/partners/showcase-partners/cisco.
Additional details about ePlus Lifecycle Services Support can be found at: https://www.eplus.com/services/managed-services/eplus-lifecycle-services-support
Listen to Cisco's Donna Reed and ePlus' Kevin Detsch and John Doyle discuss the importance of Partner Lifecycle Services Support by visiting: https://video.cisco.com/detail/video/6314342442112
About ePlus inc.
ePlus has an unwavering and relentless focus on leveraging technology to create inspired and transformative business outcomes for its customers. Offering a robust portfolio of solutions, as well as a full set of consultative and managed services across the technology spectrum, ePlus has proudly achieved more than 30 years of success in the business, carrying customers forward through adversity, rapidly changing environments, and other obstacles. ePlus is a trusted advisor, bringing expertise, credentials, talent and a thorough understanding of innovative technologies, spanning security, cloud, data center, networking, collaboration and emerging solutions, to organizations across all industry segments. With complete lifecycle management services and flexible payment solutions, ePlus' associates are focused on cultivating positive customer experiences and are dedicated to their craft, harnessing new knowledge while applying decades of proven experience. ePlus is headquartered in Virginia, with offices in the United States, UK, Europe, and Asia‐Pacific. For more information, visit www.eplus.com, call 888-482-1122, or email firstname.lastname@example.org. Connect with ePlus on LinkedIn, Twitter, Facebook, and Instagram. ePlus, Where Technology Means More®.
ePlus®, Where Technology Means More®, and ePlus products referenced herein are either registered trademarks or trademarks of ePlus inc. in the United States and/or other countries. The names of other companies, products, and services mentioned herein may be the trademarks of their respective owners.
Statements in this press release that are not historical facts may be deemed to be "forward-looking statements." genuine and anticipated future results may vary materially due to certain risks and uncertainties, including, without limitation, the duration and impact of the COVID-19 pandemic including but not limited to the impact and severity of new variants, vaccine efficacy and immunization rates, the closure of non-essential businesses and other associated governmental containment actions, and the increase in cyber-security attacks that have occurred while employees work remotely; national and international political instability fostering uncertainty and volatility in the global economy; exposure to fluctuation in foreign currency rates, interest rates, and inflation; increases in our costs which may result in adverse changes in our gross profit and/or price increases to our customers; reduction of vendor incentives provided to us; significant and rapid inflation may cause price, wage, and interest rate increases, as well as increases in operating costs which may impact the arrangements that have pricing commitments over the term of the agreement; our ability to successfully perform due diligence and integrate acquired businesses; disruptions or a security breach in our or our vendors' IT systems and data and audio communication networks; supply chain issues, including a shortage of IT products, may increase our costs or cause a delay in fulfilling customer orders, or increase our need for working capital, or completing professional services, or purchasing IT products or services needed to support our internal infrastructure or operations, resulting in an adverse impact on our financial results; the possibility of goodwill impairment charges in the future; significant adverse changes in, reductions in, or losses of relationships with one or more of our larger volume customers or vendors; a possible decrease in the capital spending budgets of our customers or a decrease in purchases from us; our ability to raise capital, maintain or increase as needed our lines of credit with vendors or floor planning facility, or obtain debt for our financing transactions or the effect of those changes on our common stock price; the demand for and acceptance of, our products and services; our ability to adapt our services to meet changes in market developments; our ability to implement comprehensive plans for the integration of sales forces, cost containment, asset rationalization, systems integration and other key strategies; the creditworthiness of our customers and our ability to reserve adequately for credit losses; our ability to secure our own and our customers' electronic and other confidential information and remain secure during a cyber-security attack; future growth rates in our core businesses; the impact of competition in our markets; domestic and international economic regulations uncertainty (e.g., tariffs, sanctions, and trade agreements); our reliance on third parties to perform some of our service obligations to our customers, and the reliance on a small number of key vendors in our supply chain with whom we do not have long-term supply agreements, guaranteed price agreements, or assurance of stock availability; the possibility of defects in our products or catalog content data; our ability to adapt to changes in the IT industry and/or rapid changes in product offerings, including the proliferation of the cloud, infrastructure as a service, software as a service and platform as a service; our ability to realize our investment in leased equipment; maintaining and increasing advanced professional services by recruiting and retaining highly skilled, competent personnel and vendor certifications; and other risks or uncertainties detailed in our reports filed with the Securities and Exchange Commission. All information set forth in this press release is current as of the date of this release and ePlus undertakes no duty or obligation to update this information.View original content to get multimedia:https://www.prnewswire.com/news-releases/eplus-launches-co-delivered-architecture-support-services-for-cisco-and-adjacent-technologies-301665936.html
SOURCE ePlus inc.
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A man passes under a Cisco logo at the Mobile World Congress in Barcelona, Spain February 25, 2019.
Sergio Perez | Reuters
Club holding Cisco Systems (CSCO) is set to report fiscal first-quarter earnings after the closing bell on Wednesday, and we'll be looking to see how the technology conglomerate has weathered gathering economic headwinds.