The 10 Biggest Cisco News Stories Of 2022 (So Far)
Cisco’s 2022 has been a mixed bag so far, complete with impacts from global supply chain constraints and Russia’s invasion of Ukraine, to a reported software megadeal and the company’s software and everything-as-a-service transition moving at full-steam ahead.
Cisco in the Spotlight
It’s telling that Cisco’s biggest news stories of 2022 don’t consist of a slew of new product launches. That’s because the tech giant has been on a mission for the last four years to aggressively pursue software and services business and shift away from hardware. Cisco’s CEO Chuck Robbins revealed the next major step in the company’s transformation in 2021, vowing to transition the majority of its portfolio to an everything-as-a-service model.
And the San Jose, Calif.-based networking behemoth is making good on its promise in 2022. Robbins spoke with CRN at the beginning of the year to stress the importance of Cisco Plus, the company’s
everything-as-a-service (XaaS) strategy. He stressed that Cisco can’t make the business model transformation without the help of its expansive partner base.
But 2022 has brought with it some unique and unexpected challenges, from a war, to a global supply chain crisis in which Cisco has not been immune. The company announced it was ceasing operations in Russia and Belarus in May following Russia’s unprovoked invasion of Ukraine. Then, supply chain constraints led to a record product order backlog that was up 130 percent year over year and flat revenue growth during its fiscal Q3 2022, a trend that is expected to continue for the rest of the company’s fiscal year.
Then there were the executive moves. Gerri Elliott, a member of Cisco’s Executive Leadership Team retired in May and longtime security leader Shelly Blackburn left the company and was replaced with Proofpoint’s former vice president Raj Chopra.
From software acquisitions – confirmed and unconfirmed – to supply chain challenges and brand-new business strategies getting off the ground, here are the 10 biggest Cisco news stories of the year, so far.