Global economic turbulence has hit technology companies this year, leading to slowing revenue growth and widespread layoffs, even as some segments of enterprise spending on IT seem to be holding steady.

The boss of networking giant Cisco has said the shortage of computer chips is set to last for most of this year.

Cisco has agreed to buy London-based cloud communications software company IMImobile PLC for 595 pence per share in cash in a deal valued at about $730 million, including debt.

Cisco beat expectations while delivering the fourth consecutive quarter of revenue declines on an annualized basis.

A U.S. judge on Monday ordered Cisco to pay $1.9 billion to a Virginia company that accused it of copying its cybersecurity patents.

BabbleLabs takes out unwanted background noises in real-time. The technology will be integrated in Cisco's collaboration portfolio.

Cisco called for the fourth consecutive revenue decline in its quarterly guidance.

ThousandEyes says its customers include Microsoft, Slack, PayPal and Lyft.

Cisco's results and quarterly guidance beat expectations.

Zoom isn't the only one with potential privacy concerns

Cisco on Tuesday launched a $2.5 billion financing program that lets its customers defer 95% of payments until 2021, giving companies additional leeway at time when some are facing a cash crunch but also need more remote-work tools.

Cisco's new platform aims to give businesses better visibility across their security portfolio via analytics and workflow automation.

Cisco's poor guidance drove the stock down after hours on Wednesday, despite an earnings and revenue beat for its fiscal first quarter.

It's the company's second round of layoffs within the past year, and the news Wednesday came on the heels of an earnings report that exceeded Wall Street expectations.

Cisco beat on top and bottom lines.

Cisco has settled with federal, state and local agencies for $8.6 million in a first-of-its-kind whistleblower case involving cybersecurity issues.

Cisco aims to increase both its revenues and profit margins in an optical networking market shifting to components with its $2.6 billion bid for Acacia Communications. The deal would put the Ethernet giant in the long-distance market for the first time and help it retain business from web giants who are increasingly buying optical modules directly from component makers.

"It could cost Cisco a lot of money."

Cisco Systems said on Monday it is rolling out hardware for the next generation of Wi-Fi standards.

Pure Storage is expanding its AIRI lineup of systems for artificial intelligence and machine learning workloads.

Cisco reported better-than-expected results on Wednesday, lifting the stock 3 percent.

Cisco stock rose 5 percent after the company reported better-than-expected earnings for the first quarter of its 2019 fiscal year.

Cisco has 400G Ethernet switches that fall into two camps: The Nexus 9000 family aimed at large enterprise networks and the 3400-S class for hyperscale users.

Cisco has announced its intent to acquire Springpath, a Sunnyvale-based leader in hyperconvergence software. Springpath has developed a distributed file system purpose-built for hyperconvergence that enables server-based storage systems. The acquisition will allow Cisco to continue to deliver next-generation data center innovation to its customers.

Apple is working with Cisco Systems to help businesses that primarily use gear from both companies to get a discount on cyber-security insurance premiums, Apple CEO Tim Cook said on Monday.

Cisco Systems is laying off about 14,000 employees, representing nearly 20 percent of the network equipment maker's global workforce, technology news site CRN reported, citing sources close to the company.

The news follows Cisco's Tuesday announcement of the acquisition of Cliqr Technologies for about $260 million to enhance offerings in cloud computing management software and services. Leaba's website doesn't elaborate on what its technology provides, but Ynet said it allowed for more efficient and intelligent routing of Internet traffic.

Cisco plans to invest $10 billion in China, although its sales in the country are slumping due in part to persistent security concerns surrounding US technology.

Cisco, Apple, McAfee and Citrix have all been dropped from China's official list of approved products. The change means the companies' products are no longer on a list used by government departments to equip offices and data centres.

The cuts come as Cisco continues to struggle in emerging markets and in its service provider video business.

Both companies gain access to each other's industry-leading patent portfolios under the agreement, which covers a broad range of products and technologies.

Cisco Systems saw its shares fall sharply late Wednesday after the company announced that it is cutting 4,000 jobs to adjust to what CEO John Chambers called a "challenging" and "inconsistent" economy.

Intel is talking to Cisco about becoming its foundry, says investment bank Piper Jaffray.

Cisco Systems plans to eliminate about 1,300 jobs, or 2% of the workforce, as Europe's debt crisis and sluggish corporate spending threaten sales.

Reports have resurfaced that Cisco is looking to sell its Scientific Atlanta set-top box business.

Cisco came up with an interesting prediction in its latest forecast of global mobile data traffic: by the end of this year, there will be more Internet-connected mobile devices than people on Earth.