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Time of India
2 days ago
- Business
- Time of India
Cisco to continue investment in India; seeks clarity on tariff from White House: Chuck Robbins
NEW DELHI: The San Jose-based AI infrastructure and networking gear provider Cisco Systems said that it would continue to invest in India, following the ongoing geopolitical situation, and is in active discussions with Washington around tariff uncertainty. 'We have obviously been continuing our investments here (India), and have been here for 30 years,' Cisco Systems Chairman and CEO Chuck Robbins said, adding that the country presents "one of the biggest opportunities" in the world for the US multinational. 'If you look out over the next five to ten years, I am sure, there's no other place on the planet where you would expect the growth that we should see here.' Cisco said that the current state of affairs would have no impact on the company's spending initiatives in India, and it is currently engaged in conversation with the US President Donald Trump administration over tariff stalemate. 'We have been in deep communication with the White House about the uncertainty, and we just need to get to clarity so we can respond. I think from an overall investment perspective, I don't think the current state is having a meaningful impact on overall investments for companies,' Robbins added. The top executive, however, said that the company would strategise its supply chain once the tariff situation becomes clear. 'I think most companies are probably in the same mode as we are, which is waiting to understand where this tariff stuff lands before we can adapt our supply chain very much.' On the backdrop of Trump's administration imposing a new set of reciprocal tariffs on countries, the Ministry of Commerce and Industry officials are likely to initiate another round of discussions with Washington even as India finalises a trade agreement with the US. The top executive further said that the technology major waded through multiple critical situations in the past, and is mindful of ongoing geopolitics and sovereignty requirements worldwide. In the fiscal year ending July 27, 2024, Cisco's annual revenue stood at $53.80 billion, and it has raised its sales outlook after posting higher-than-expected profit in the third quarter with an income of $14.15 billion. It has $615,299 revenue per employee, outpacing rivals such as Hewlett-Packard Enterprise (HPE), Nokia, Huawei and Juniper. 'We started manufacturing here (India). We had a single product then. We have added two more products, and are also doing PCB assemblies there. So, it's moving ahead of schedule relative to our expectations,' the top executive said. READ MORE | Cisco partners Flex to open manufacturing facility in Chennai, aims to create 1200 jobs Last year, Cisco kicked off its localised manufacturing operations in line with the government's " Make in India " ambition, targeting to produce $1.3 billion worth of products for domestic consumption and exports. The US multinational also said that it wanted to play a key role in enabling next-generation data centre centres in India. 'Cisco wants to play a big role. We feel really good overall about where we are today in the data center. It's one of our key businesses, especially around data center infrastructure and building out stacks and conditional workloads. Cisco is a strong brand there,' Cisco President & Chief Product Officer Jeetu Patel said. The company has lately extended its portfolio to include artificial intelligence (AI) infrastructure-as-a-service (AI-IaaS), and is eying to capitalise on massive AI-centric data centre build-outs by hyperscalers, neocloud providers and enterprises. 'We want to play an incredibly important role in helping them make that shift and helping them manage their business-as-usual workloads as well as their AI workloads,' Patel added. In June this year, a collaboration and infrastructure behemoth unveiled new tools and hardware in a bid to "future-proof" data centers for AI workloads, offering GPU-as-a-service and infrastructure-as-a-service (IaaS).
Time of India
25-06-2025
- Business
- Time of India
Transforming security for AI-enabled networks: Cisco's Kevin Wollenweber
NEW DELHI: The US-based Cisco Systems said it is working aggressively to transform the security landscape for artificial intelligence (AI)-backed networks following the multinationals' efforts to evolve network technologies. 'We will continue to evolve those technologies. We are transforming security for AI-enabled networks. Today, most of our firewall policy enforcement technologies are done at the edges of the network itself,' Kevin Wollenweber , senior vice president, Cisco Systems, told ETTelecom. Recently, Chuck Robbins-headed Cisco has revamped its security portfolio, making deployment more flexible for its customers and partners. The San Jose-based company said that it enforces AI security at the network level, decoupling AI deployment from security. The executive said, 'We have tied the security of the models into our identity technology so that we can look at your IT infrastructure and understand who is running what models.' 'So, at Cisco, we have been very careful about the usage of AI, and launched AI Defense , early this year.' Designed and developed for enterprises to build, deploy, and protect AI applications, Cisco AI Defense security solution, a part of cloud platform, focuses on AI deployment and monitoring AI usage across the organisation and is capable of detecting vulnerabilities and bringing security policies into effect. 'Our AI Defense product ensures the right level of capabilities to protect the application," Jeetu Patel, executive vice president at Cisco, separately said. Earlier, Cisco expressed its ambition of convergence between networking and security. In January this year, the networking and AI security company unveiled AI Defense, to safeguard AI transformation within enterprises.
Yahoo
23-06-2025
- Business
- Yahoo
Super Micro (SMCI) Stock Tumbles After Announcing Major Debt Raise
June 24 Super Micro Computer (NASDAQ:SMCI) shares declined about 6% on Monday after the AI-focused server manufacturer disclosed plans to raise $2 billion through a convertible notes offering, according to a press release. Warning! GuruFocus has detected 5 Warning Signs with SMCI. The San Jose-based company said the unsecured bonds will mature on June 15, 2030. Proceeds will be used for general corporate purposes, and about $200 million will fund capped call transactions intended to limit dilution from future share conversions. Super Micro also said initial buyers of the offering will have the option to purchase up to an additional $300 million of notes within 13 days of issuance. The stock had gained more than 40% year to date heading into Monday's session. However, the offering raised concerns among investors about potential share dilution. Shares have experienced heightened volatility over the past year, partly tied to prior concerns about delayed financial reports and changes to the company's fiscal 2025 outlook. The firm met Nasdaq filing requirements in February after a previous delay, which helped lift the stock earlier this year. Still, it reduced its sales guidance in May, pressuring sentiment again. The new debt plan suggests Super Micro is preparing for future growth, but the market appears cautious about short-term shareholder dilution. This article first appeared on GuruFocus.
Yahoo
23-06-2025
- Business
- Yahoo
Super Micro (SMCI) Stock Tumbles After Announcing Major Debt Raise
June 24 Super Micro Computer (NASDAQ:SMCI) shares declined about 6% on Monday after the AI-focused server manufacturer disclosed plans to raise $2 billion through a convertible notes offering, according to a press release. Warning! GuruFocus has detected 5 Warning Signs with SMCI. The San Jose-based company said the unsecured bonds will mature on June 15, 2030. Proceeds will be used for general corporate purposes, and about $200 million will fund capped call transactions intended to limit dilution from future share conversions. Super Micro also said initial buyers of the offering will have the option to purchase up to an additional $300 million of notes within 13 days of issuance. The stock had gained more than 40% year to date heading into Monday's session. However, the offering raised concerns among investors about potential share dilution. Shares have experienced heightened volatility over the past year, partly tied to prior concerns about delayed financial reports and changes to the company's fiscal 2025 outlook. The firm met Nasdaq filing requirements in February after a previous delay, which helped lift the stock earlier this year. Still, it reduced its sales guidance in May, pressuring sentiment again. The new debt plan suggests Super Micro is preparing for future growth, but the market appears cautious about short-term shareholder dilution. This article first appeared on GuruFocus. Sign in to access your portfolio
Winnipeg Free Press
22-06-2025
- Sport
- Winnipeg Free Press
Adames scores twice in Reign's 4-1 win over struggling Royals
Emeri Adames scored two goals in the second half and the Seattle Reign beat the Utah Royals 4-1 in the National Women's Soccer League on Saturday. It was the first multi-goal game of Adames' career, and at 19 years and 79 days old, she became the second-youngest player to ever score two goals in an NWSL match. Elsewhere in the NWSL on Saturday, Gotham FC beat Bay FC 2-1 at home, the North Carolina Courage won 2-1 at home against the Houston Dash, and the Portland Thorns edged the Chicago Stars 1-0 to stay undefeated at Providence Park. At America First Field in Utah, the Reign (6-4-3) jumped out to an early 2-0 lead. Ji So-Yun scored from 14 yards out after a headed pass from Maddie Dahlien in the sixth minute. Ji then returned the favor and played Dahlien through on goal for the Reign's second goal in the 16th. Bianca St-Georges scored for the Royals in the 31st as the Canadian forward tapped in from close range after Ally Sentnor's strike rebounded off the post. Ji got her second assist of the match when she slipped the ball to Adames in the 66th and the youngster found the corner with a swift left-footed shot from 12 yards to make it 3-1. Adames converted a penalty kick in the 90th. She leads Seattle with four goals this season. It was the first time the Reign scored four in a game since May 2023. The Royals (1-10-2) extended their winless streak to eight and remain in last place in the NWSL standings as the league heads into a monthlong break. Gonzalez scores league-leading 10th goal of the season for Gotham Esther Gonzalez scored her 10th goal of the season and Gotham came from behind to defeat Bay. The Spaniard is the top scorer in the NWSL and has already surpassed her total of nine from the 2024 season. Gotham (5-5-3) won its second home match of the season. Penelope Hocking put Bay up 1-0 in the 11th minute. Hocking latched onto a looping pass from Hannah Bebar and poked the ball past Ann-Katrin Berger in the Gotham goal. Gonzalez got Gotham's equalizer in the 29th when she pounced on a loose pass in the box by Alyssa Malonson. Geyse netted the winning goal for Gotham in the 55th. Nealy Martin found the Brazilian with a bending 40-yard long pass out of the defense. It was a second straight loss for Bay (4-6-3). The San Jose-based team has lost all three of its meetings with Gotham since joining the NWSL in 2024. Befort completes comeback for Courage Hannah Betfort scored the winning goal in North Carolina's comeback victory. The Courage (5-5-3) are on a two-game winning streak and are up to ninth in the NWSL standings, outside the playoff places on goal difference alone. It was the second consecutive game head coach Sean Nahas missed due to a medical issue, but he was spotted in the stands at WakeMed Soccer Park. The Dash (3-8-2) are winless in their last five games. Avery Patterson put Houston ahead 1-0 in the opening minute of the match. The deflected strike from inside the box came after just 52 seconds and was the fastest goal in Dash history. Acting head coach Nathan Thackeray made a triple substitution in the 66th minute, putting Jaedyn Shaw, Ashley Sanchez and Betfort into the game. Dash midfielder Sarah Puntigam was sent off for a second yellow card for a foul on Shaw in the 70th. Shaw scored the equalizer with a simple finish from the center of the box in the 71st. The goal was Shaw's first for the Courage since joining this past offseason. Manaka Matsukubo spotted Betfort in the box and whipped the ball towards the forward, who got just enough of a touch to score the winning goal in the 81st. Tordin scores and Portland stays unbeaten at home. Pietra Tordin scored the only goal and the Thorns (6-3-4) remained undefeated at Providence Park this season. Portland hasn't dropped a game at home in nine straight matches dating back to last year. After a scoreless first half, Sam Coffey crossed the ball to the back post for Tordin to smash home her third goal of the season in the 59th minute. Thorns goalkeeper Bella Bixby recorded a team record 27th NWSL clean sheet, making three saves. The Stars (1-7-3) are winless in their last nine games. Two-time World Cup winning U.S. women's national team goalkeeper Alyssa Naeher missed a third consecutive match for Chicago due to an upper extremity injury. ___ AP soccer:
