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What To Expect From Cisco’s Q4 Earnings As Supply Chain Issues And Revenue Declines Loom

Gina Narcisi

The networking giant was seemingly harder hit by supply chain issues and other macro issues compared to competitors such as Arista Networks, Juniper Networks, and Extreme Networks. Here’s what to look for during Cisco’s Q4 fiscal quarter of 2022.

Software and Subscriptions

Robbins in May said that despite macro pressures and headwinds, Cisco is continuing to make progress on its business transformation to software and subscriptions. During Cisco’s fiscal third quarter, 83 percent of its software revenue was subscription-based, up 1 percentage point from last year’s Q3 result.

Despite the 10 percent uptick in software backlog sequentially, total software revenue was $3.7 billion during Cisco’s fiscal Q3 2022, a decrease 3 percent year over year, which would have been 5 points higher if not for the shorter fiscal third quarter and the War on Ukraine, according to Cisco. Subscription revenue was $5.5 billion during the quarter, a decrease of 5.5 percent for the same reasons.

 

 
Gina Narcisi

Gina Narcisi is a senior editor covering the networking and telecom markets for CRN.com. Prior to joining CRN, she covered the networking, unified communications and cloud space for TechTarget. She can be reached at gnarcisi@thechannelcompany.com.

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