Menu
Cisco's new CEO hints at deals in software and security

Cisco's new CEO hints at deals in software and security

The company will be 'very acquisitive,' Chuck Robbins says

Cisco CEO Chuck Robbins

Cisco CEO Chuck Robbins

Chuck Robbins has only been in the job three weeks but the new CEO of Cisco Systems is already dropping hints about acquisitions.

On Wednesday, Cisco reported growth in its revenue and profits for the quarter just ended, and in a conference call to discuss the results Robbins was asked about Cisco's plans for long term growth.

"We'll continue to be very acquisitive going forward, especially in areas like software and security," he said.

They're two of the areas Cisco has flagged as growth opportunities in the past. They're also areas where it can generate recurring revenue from subscriptions, something it wants to do more of.

Cisco has already been on something of an acquisitions streak, with six purchases announced in less than five months. They include Internet security provider OpenDNS, which it's buying for $US635 million.

Robbins was on his first earnings call as CEO after taking over from John Chambers last month. Cisco is in the midst of a minor turnaround, so he's taking charge at an interesting time.

Revenue for the quarter was $1US2.8 billion, Cisco said, up 4 per cent from a year earlier and better than financial analysts had been expecting. Net income was $US2.3 billion, up 3 per cent.

That's slower growth than in the previous two quarters, but still continues an upward trend.

Sales in Cisco's core switching business climbed 2 per cent from last year to $US3.72 billion, the company said, while sales of its routing products were up 3 per cent to $US1.99 billion.

Follow Us

Join the New Zealand Reseller News newsletter!

Error: Please check your email address.

Tags business issuesCisco Systemsfinancial results

Slideshows

Top 50 defining moments of the New Zealand channel in 2016

Top 50 defining moments of the New Zealand channel in 2016

Reseller News looks back on a tumultuous 12 months for the New Zealand channel, assessing the fallout from a year of sizeable industry change. Whether it be local or global mergers and acquisitions, distribution deals or job changes, the channel that started the year differs somewhat to the one set to finish it - Reseller News assesses the key moments that made 2016.​

Top 50 defining moments of the New Zealand channel in 2016
​Hewlett Packard Enterprise honours high achieving NZ channel

​Hewlett Packard Enterprise honours high achieving NZ channel

Hewlett Packard Enterprise honoured its top performing Kiwi partners at the second running of its HPE Partner Awards in New Zealand, held at a glitzy ceremony in Auckland. Recognising excellence across eight categories - from distributors to resellers - the tech giant celebrated its first year as a standalone company, following its official split from HP in 2015.

​Hewlett Packard Enterprise honours high achieving NZ channel
Nutanix treats channel partners to Christmas cruise

Nutanix treats channel partners to Christmas cruise

Nutanix recently took to the seas for a Christmas Cruise around Sydney Harbour with its Australia and New Zealand staff, customers and partners to celebrate a stellar year for the vendor. With the sun out, they were all smiles and mingled over drinks and food.

Nutanix treats channel partners to Christmas cruise
Show Comments