Cisco Systems, Inc. (NASDAQ: CSCO, SEHK: 4333) is an American multinational corporation that designs and sells consumer electronics, networking and communications technology and services. Headquartered in San Jose, California, USA, Cisco has more than 65,000 employees and annual revenue of US$36.11 billion as of 2009.
Cisco's stock was added to the Dow Jones Industrial Average on June 8, 2009. It replaced General Motors which had filed for Chapter 11 bankruptcy.[3]
In fiscal year 2009, Cisco realized $13.50 billion in network services sales (mostly from “SMARTnet”), of which $7 billion was revenue for 2009 and the remaining $6.50 billion is documented as deferred revenue for multi-year SMARTnet service contracts.[1] Network maintenance services now accounts for 20% of Cisco's annual revenue—an all-time high.
Cisco's stock was added to the Dow Jones Industrial Average on June 8, 2009. It replaced General Motors which had filed for Chapter 11 bankruptcy.[3]
In fiscal year 2009, Cisco realized $13.50 billion in network services sales (mostly from “SMARTnet”), of which $7 billion was revenue for 2009 and the remaining $6.50 billion is documented as deferred revenue for multi-year SMARTnet service contracts.[1] Network maintenance services now accounts for 20% of Cisco's annual revenue—an all-time high.