Thursday, August 19, 2021

Cisco: Product sales jump as do some prices

Cisco’s 4Q and year-end financial reports highlight growth in many categories that are important to enterprise customers including wireless, campus switching, routing and security products.

CEO Chuck Robbins said that the company’s fourth quarter boasts the strongest product-order growth rate the company has seen in over a decade, citing a 30% product order growth year on year, and more than 17% order growth versus pre-COVID Q4 fiscal 19 product bookings.

“In Q4, we saw double-digit revenue growth in campus switching, Catalyst 9000, high-end routing, wireless, and in our Zero Trust solutions, along with strength in our security endpoint portfolio. We also had a very strong adoption of our Acacia optical solutions,” Robbins said.

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Thanks to Michael Cooney (see source)

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