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Step down, DA tells Zweli Mkhize over 'looting' of funds under his watch

'It is now clear that this looting of public money has happened under the leadership of Dr Mkhize,' DA spokesperson Siviwe Gwarube said on Wednesday. ....

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Cisco Systems (CSCO) Q3 2021 Earnings Call Transcript


Operator
Welcome to Cisco s third-quarter fiscal-year 2021 financial results conference call. At the request of Cisco, today s conference is being recorded. If you have any objections, you may disconnect. Now, I would like to introduce Marilyn Mora, head of investor relations.
Ma am, you may begin.
Marilyn Mora
Head of Investor Relations
Welcome, everyone, to Cisco s third-quarter fiscal 2021 quarterly earnings conference call. This is Marilyn Mora, head of investor relations, and I m joined by Chuck Robbins, our chairman and CEO; and Scott Herren, our CFO. By now, you should have seen our earnings press release. A corresponding webcast with slides, including supplemental information, will be made available on our website in the Investor Relations section following the call. ....

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Cisco Security, WebEx see 'record-breaking' growth - Networking


For the first time since the start of the COVID-19 pandemic, Cisco Systems saw growth across all its businesses, including its Infrastructure segment, which bounced back as enterprises prioritized return to office transformations and hybrid work.
Cisco now has one of the largest software businesses in the industry with an annual run rate of north of US$14 billion in software revenue, said Cisco Chairman and CEO Chuck Robbins.
During Q3 2021, which ended May 1, the tech giant achieved US$3.8 billion in software revenue. Software subscriptions accounted for 81 percent of its total software revenue, up sequentially from Q2 2021’s result of 76 percent, as interest in subscription-based solutions grow, the company said. ....

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Global chip shortage hits Cisco supply chain


CFO Scott Herren said that issues will last until at least the end of 2021
Cisco has confirmed that its recent supply chain disruption has been a direct result of the larger global semiconductor shortage.
Chief financial officer Scott Herren estimated during an earnings call on Wednesday that the supply chain issues, which are impacting the forecast for the current quarter s adjusted gross margins, could last until the end of 2021, with a possibility that they would extend until 2022.
“I think the supply chain issues will stay with us at least through the end of this calendar year,” he told the attendees, adding that Cisco had “locked in both supply and pricing with some of the key component providers”. ....

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