Software And Intelligence Remain At The Core Of Cisco’s Focus

Software And Intelligence Remain At The Core Of Cisco’s Focus
CIO & Leader – Jatinder Singh
Cisco perceives a significant opportunity in the digital landscape, especially in emerging markets such as India, which have experienced a remarkable surge in digitization in recent years. As per Cisco’s projections, the number of globally interconnected devices is set to surpass 27 billion by 2025. Furthermore, a whopping 90% of Indian organizations have reported their employees using unregistered devices to access work platforms, creating a massive opportunity for Cisco to establish a strong foothold in the rapidly expanding digital and hybrid ecosystem.

The company underlined its commitment to India by focusing on security, innovation, infrastructure, and talent development. At the CIS 2023, Daisy Chittilapilly, the President of Cisco India & SAARC, highlighted the significance of the Indian market, noting that Cisco’s Bengaluru R&D center is the second-largest outside San Jose [among Cisco R&D centers] in the world.

In 2022, Cisco’s revenue amounted to $51.56 billion, representing a 3% increase compared to fiscal 2021. Product revenue increased by 6%, while service revenue decreased by 2%. Products accounted for 73.7% of Cisco’s total revenue in 2022. The company’s software revenue in fiscal year 2022 exceeded $15 billion, with 81% of it coming from subscriptions. The total revenue from subscriptions, which includes services sold as subscriptions, was over $22 billion, accounting for 43% of Cisco’s overall revenue.

By geographical segment, 58% of its revenue comes from Americaâs, 27% from EMEA and 16% from APJC. Globally, Cisco is eyeing 50% of its revenues from subscriptions by 2025.
Link: https://www.cioandleader.com/article/2023/03/24/software-and-intelligence-remain-core-ciscos-focus


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