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 newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags business issuesfinancial resultsCisco Systems

Featured

Slideshows

Meet the leading customer-centric Microsoft channel partners

Meet the leading customer-centric Microsoft channel partners

Microsoft honoured leading partners across the channel following a year of customer innovation and market growth in New Zealand. The 2018 Microsoft Partner Awards recognised excellence within the context of the end-user, spanning a host of emerging and established providers.

Meet the leading customer-centric Microsoft channel partners
Reseller News launches new-look Awards at 2018 Judges’ Lunch

Reseller News launches new-look Awards at 2018 Judges’ Lunch

Introducing the Reseller News Innovation Awards, launched to the channel at the 2018 Judges’ Lunch in Auckland. With more than 70 judges now part of the voting panel, the new-look awards will reflect the changing dynamics of the channel, recognising excellence across customer value and innovation - spanning start-ups, partners, distributors and vendors.

Reseller News launches new-look Awards at 2018 Judges’ Lunch
Show Comments