The director of Cisco New Cfo Helm takes the middle of $ 2 billion in artificial intelligence orders

Photo of author

By [email protected]



Good morning. CISCO systems, which have long been based on their networks work – sales steering devices, switches, and other infrastructure products – have been re -developed to meet the increasing demand for institutions on Amnesty International Infrastructure. The new financial manager, Mark Patterson, is now at the center of that strategy.

Communications giant in San Jose (No. 83 On Fortune 500) The profits are reported On Wednesday in the fourth quarter and fourth year, which ended on July 26. Amnesty International’s infrastructure orders from Webscale customers reached more than $ 800 million in the fourth quarter, which led to the total of 2025 financial to more than two billion dollars – more than twice the goal that was appointed $ 1 billion in the fiscal year q4 2024.

The quarterly revenues amounted to $ 14.7 billion, an increase of 8 % over the previous year and took a little from 14.62 billion dollars.

“In the fourth quarter, the revenues, the total margin and the margin of operation were at the end of our guidance ranges, the arrow’s profits were higher than the direction range, and we delivered the solid operational cash flow,” Patterson said on Wednesday’s profit call.

Patterson became a 25 -year -old veterans, as Patterson became EVP and CFO on July 27, succeeding Scott Herne, who has played the role since December 2020 and retired this summer. Thanks to Herren is due to the help in the transformation Cisco business mix Towards software and repeated revenues.

In recent years, especially since 2024, CISCO has made a strategic axis to place itself as the backbone of the AI’s infrastructure. In 2024, she closed her acquisition of $ 28 billion SplunkCyber Security Company and analyzes that use artificial intelligence and machine learning, and has launched hypertHield, an original system of artificial intelligence that merges safety in all components of the program and the application that works on networks, from servers to public and private clouds.

During his long career in Cisco, Patterson has played leadership roles in financing, strategy and operations, as well as more than a decade of sales covering each client and geographical sector. Recently, he held the position of senior strategy officials before entering the position of financial manager.

“As I look forward, we have great opportunities-whether in the infrastructure of Amnesty International for web problems, or the first financial,” Patterson said in a Wednesday’s profit call, or the first opportunities for financial residence managers, or the first financial managers.

Enhancing cybersecurity through Splink, applying for university campus, maintaining disciplined financing, ensuring sustainable growth and the value of shareholders on its agenda.

He said: “What I really want to do is to make sure of our financing for success.” “You can expect to focus on durable and profitable growth.”

Keeping the momentum will be a key to the strategy as CISCO AI AI adopts.

Leaders

Jolly a. Beck SVP, Financial Director, and Fund are appointed MSA safety compact (NYSE: MSA), a provider of advanced safety products, as of August 18. Beck recently worked as SVP and CFO for Terex Corp. It is a global industrial equipment manufacturer. Before that, I worked as SVP and CFO for Nova Chemicals, Inc. It is a petrochemical product. BECK has also worked as a world vice president for the Joy Global, Inc. quality series, Inc.

Berra Arour He was appointed the Financial President and Operations Travelnet solutions (TNS), Property Management Manufacturers. Recently, Arora CFO and COO were in Fulcrum’s cooperation, and previously played great financial roles in the source of intelligence and relativity, as it helped lead in a great investment from Silver Lake. Arora has started her career in McKinsey & Company and spent more than a decade in integration, purchase and financing in Wall Street.

A big deal

the 2025 BDO tax strategy survey He finds that, amid the increasing uncertainty and changes in the main tax policy, tax leaders play an increasingly pivotal role in directing companies through change.

They say ninety per cent of tax leaders that they are now invited to form decisions before making them, and their recommendations carry a lot of weight. Meanwhile, the changes in customs tariffs limit inflation are clean energy benefits in the first place.

However, not all tax jobs have the resources needed to meet advanced expectations – the technology and talent gaps remain for many tax teams, according to BDO. Although 67 % of institutions are planning to increase investment in tax technologies, obstacles are still related to implementation, data quality and management, and skills gaps.

The results are based on a survey that included 300 senior tax leaders in companies that ranged from $ 250 million to $ 3 billion, conducted in May 2025.

deepen

“Kodak’s Corporate Doom: The 133 -year -old images icon warns investors that it may stop operations with a debt problem of $ 500 million” luck a report Written by Eva Ruwarg.

From the report: “After 133 years, bankruptcy, and multiple re -implementation, the last snapper of Kodak is dark: The company says there is a big doubt” that can remain at work. They said the financing to cover these obligations.

Hearing

“Get good qualityThe bed is allowed to sleep better, which is very important for health and the ability to obtain a positive mentality and strength to do the difficult things they have to do. ”

– CEO of Accenture Julie Sweet He said luck. Sweet some charitable works focused on non -profit Furnishhopedc, a community organization that provides family and bed for needy families in the capital area.

This is the CFO Daily web version, a newsletter about trends and individuals who make up corporate financing. Subscribe for free.



https://fortune.com/img-assets/wp-content/uploads/2025/08/GettyImages-1757707904.jpg?resize=1200,600

Source link

Leave a Comment