Cisco’s FY24 Function Report: Trying again whereas trying forward


Because the world enters the clever age and Cisco enters its fifth decade, now we have an unbelievable alternative to drive moral, accountable, and sustainable management – and to carry others together with us. The flexibility to entry and leverage digital applied sciences is changing into extra vital as AI develops. Know-how is now a foundational pillar for our society, individuals, authorities, and atmosphere. It has additionally change into the spine of resiliency, offering the entry and capabilities that ecosystems have to not simply survive, however thrive.

Cisco’s Function: Powering an Inclusive Future for All

Image of 2 Cisco employees collaborating on a computer

The tough reality, nevertheless, is that a lot of the world’s inhabitants nonetheless can’t be described as “resilient” and the hole is widening as innovation and alter speed up. At Cisco, now we have the distinctive alternative to responsibly drive impression on a world scale. We all know that after we put our Function into follow, we drive progress for our enterprise, individuals, and communities. Now, simply forward of Cisco’s 40th anniversary, I’m thrilled to share our FY24 Function Report, detailing our targets, accomplishments, and the alternatives forward as we work to Energy an Inclusive Future for All. Listed below are some highlights of the 12 months:

  • Named #1 Greatest Firm to Work For in 16 nations by Fortune and Nice Place to Work
  • 86% of our staff drove group impression by donating, volunteering, advocating for causes, and extra. This marks our 5th 12 months in a row above 80% worker participation.
  • 96% of electrical energy for Cisco amenities got here from renewable sources
  • The Cisco Basis dedicated $35 million to fund local weather options since FY21
  • Cisco Talos noticed 800 billion safety occasions every day, driving world cyber resiliency
  • Cisco Disaster Responses responded to 30+ pure disasters and humanitarian crises
  • By Cisco Networking Academy, we reached 4.7 million college students in FY24 – and even opened the first floating Networking Academy within the Amazon
  • Cisco’s Nation Digital Acceleration program has 1,600 energetic, accomplished, or in-pipeline tasks throughout 50 nations

Partnerships Constructed on Belief 

Our Function is woven internally throughout our firm and can be scaled externally by a community of devoted companions. Our success is fueled by the work of many – many individuals, corporations, communities, governments, Companions, prospects, establishments, and others in search of to vary our world for the higher. However this vital work can solely be completed when one key factor is current: belief. Belief with our prospects, authorities leaders, our individuals, and our communities. We all know that belief is our Most worthy forex. The 2024 Edelman Belief Barometer discovered that companies are most trusted to combine improvements into society — greater than NGOs, authorities, or the media. Cisco is dedicated to main with safe, trusted options, simply as now we have for 40 years. It’s a privilege to have that belief and a accountability that Cisco doesn’t take frivolously.

For All 

Cityscape scene with 2 roads running through it There’s monumental alternative in AI, however we should carry others alongside. As we take a look at rising markets across the globe, the potential financial impression of AI is immense. Current estimates recommend AI might enhance Africa’s economic system by US$2.9 trillion by 2030 and that India’s AI companies might be price US$17 billion by 2027. However this unbelievable potential can solely be realized if work is finished to shut the digital and knowledge divide alongside the best way. Many growing economies lag far behind in resiliency and connectivity, curbing entry to training, healthcare, jobs, and extra.

In actual fact, 2.6 billion individuals world wide are nonetheless with out Web entry and even amongst these which can be linked, there are disparities in high quality and affordability. Fastened-broadband Web wanted for data-intensive apps is prohibitively costly, if obtainable in any respect. And 3G – not even 4G – stays the prevalent cellular know-how in much less economically-developed nations. Reliably and securely connecting populations is step one towards inclusion, and we must always all really feel the crucial to attach the unconnected and battle this rising divide.

Our Subsequent Massive Ambition: 40 Communities 

Logo of 40 Communities with the text Connected. Resilient. Thriving. beneath 40 years in the past, Cisco was based to handle a primary want — the necessity for connection. Since then, Cisco has linked communities, nations, and continents the world over, accelerating know-how and impacting multiple billion lives within the course of. As we rejoice 40 years of impression, we’re excited to introduce our subsequent huge ambition: 40 Communities. Over the following 10 years, we intend to have interaction, assist, and spend money on 40 communities world wide.

To take action, we plan to develop upon current choices and contributions — together with funding, know-how, and experience — in each communities the place Cisco is at the moment engaged and newly recognized communities. However, most significantly, we’ll faucet into our group companions — on-the-ground consultants who actually perceive a group’s largest wants, targets, and alternatives, and who may also help us greatest decide how we are able to create the best impression.

Trying Again Whereas Trying Forward

I’ve been fortunate sufficient to have a front-row view of Cisco’s innovation and progress for practically 30 of those previous 40 years, and I discover myself reflecting on how a lot our Function work — starting from digital skilling to Round Design Ideas — has developed prior to now 4 a long time. As we’ve showcased in this 12 months’s Function Report, our progress is accelerating, particularly as AI helps us change into extra human, extra inventive, and extra productive.

And but, there may be nonetheless a lot extra for us to do. Trying forward, we’ll by no means be capable to anticipate all of the wants or how our societies will shift. However we are able to decide to being powered by our Function and serving to communities world wide construct a extra resilient and inclusive future for all.

We invite you to assist Cisco Energy an Inclusive Future for All: Partnering for Function


Be taught extra:

Cisco Function Reporting Hub

Cisco Networking Academy

Cisco Nation Digital Acceleration

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