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10 Takeaways From Cisco Earnings: Layoffs, HyperFlex, Brexit And More

CRN breaks down the 10 biggest takeaways from Cisco's fourth quarter earnings report on Wednesday, which included HyperFlex sales numbers, a restructuring plan and layoffs.

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Cisco Q4 Takeaways

There was plenty of buzz around Cisco heading into its fourth fiscal quarter earnings call on Wednesday and rightfully so, as the networking giant announced layoffs, unveiled a restructuring plan and beat Wall Street estimates.

"There's a huge effort trying to become more operationally efficient inside Cisco," said Zeus Kerravala, principal analyst at ZK Research based in Westminster, Mass. "They've acquired a lot of companies, so they probably have a lot of overhead and redundancy from those things. But I also think as the company changes and becomes more software and cloud-oriented, they're going to need different skills."

San Jose, Calif.-based Cisco also revealed huge security sales growth, reported declines in routing product sales, and disclosed the number of customers for HyperFlex Systems, the company's hyper-converged solution.

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