What s up with… BT & Safe Security, Verizon, EXFO & Viavi (again), Security
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Web hosting sector could be facing a long wait for component deliveries
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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.