At a large investor day conference, Cisco executives described what they described as a total market of $ 900 billion of high-profile technology targets that the network giant expects to deliver. ‘it will be a dominant force in its development over the next four years.
These goals include the six areas that Cisco has grown into over the past two years, including Agile Networks, Optimized Applications, Hybrid Work, Internet of the Future, End-to-End Security, and Enabling Capabilities. in edge networking, but also other areas such as cloud security, hybrid cloud, IoT and more.
“We have built a portfolio designed for the modern world and driven compelling new innovations from Cisco Plus and the Webex suite to Silicon One and Secure X, some examples of key technologies we have delivered over the past few years,” said Chuck Robbins, CEO of Cisco.
“This is also just the start, as we continue to focus on full stack observability, cloud native technologies, SASE and many other areas, and deliver more innovation in the months and months. coming years. The opportunity before us is immense, we see enormous potential for growth and we are well positioned for the years to come, ”said Robbins.
Robbins said he expects the company’s overall revenue to grow 5% to 7% over the next four fiscal years, with up to 50% of that revenue coming from subscriptions – subscriptions accounted for 44% of Cisco’s business in its fiscal year that ended in July.
The company said its software growth made it one of the largest software companies in the world, a point it reiterated this week.
To help investors get a better idea of Cisco’s software growth, Cisco CFO Scott Herren said the company will soon start releasing new financial metrics to track developments.
Beyond software, Robbins noted a number of key technological developments he is excited about, including the ability for applications to automatically reroute traffic based on network and resource requirements and corporate 5G network services. , as well as the development of 400 Gbit / s networks for businesses and service providers.
Cisco announced last quarter that its 400G port sales were up 668%, and for the year, 400G port orders were up 831%, ”Robbins said. “We have over 400 customers who have deployed and we have taken orders for almost 180,000 ports in total. “
“A number of critical trends and transitions are converging right now: hybrid work, hybrid cloud, web scale, cloud security, 5G, WiFi 6 and 400G, full-stack observability, IoT and Edge. These are all positive winds for Cisco as we improve the digital agility of our customers, ”said Robbins. “With the depth and breadth of our hardware, software, silicon and optical solutions, we believe we have what it takes to help businesses adopt modern application architectures, move to hybrid work and hybrid cloud, to secure their business, as well as help achieve their ESG [environmental, social, and governance] goals. “
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