Wednesday, February 16, 2022

CIsco faces a $14B backlog thanks to component scarcity

Cisco, like many of its competitors, has found increased revenue from pent-up demand, but chip shortages and other supply constraints continue to loom large over the industry.

“We remain one of the largest software companies in the world,” Cisco CEO Chuck Robbins told investment analysts on an earnings call for its fiscal second quarter ended in January. "In Q2, our software revenue grew by 6% to $3.8 billion, total subscription revenue accelerated to $5.5 billion, up 7% year over year."

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Thanks to Michael Cooney (see source)

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