Software-driven services provide a lifeline for Cisco (+ video)
Editor’s note: While corporate revenue continues to decline, Cisco Services’ revenue recovers through software-driven services, says Technology Business Research Analyst Kelly Lesiczka after a review of Cisco’s latest financials reported earlier this week. HAMPTON, N.H. – Despite Cisco’s corporate revenue declined 4% year-to-year to $12.1 billion in 2Q17, Cisco Services’ revenue grew 1% year-to-year, to $3.1 billion following an increase in software-driven solutions and attached services engagements. Cisco Services contributes 25.6% of total Cisco revenues, improving 120 basis points from 24.4% in 2Q16, driven by the company’s transition to focus on software-driven services as well as investments in cloud...
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