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Chuck Robbins: 9 Biggest Remarks On 5G, Edge Computing, Webex And COVID-19 Consequences

From 5G and edge computing opportunities, to the impact of COVID-19, the power of Webex, and what Cisco’s cost reduction plans mean for partners, here’s what Cisco CEO Chuck Robbins told CRN at this year’s Partner Summit.

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Cisco now has about 78 percent of its total software revenue sold as subscriptions, beating the target of 66 percent. What's the next goal related to software and services?

Yes, in 2017 we set out for us to have two-thirds software and subscriptions, so we did exceed that. And we wanted 30 percent of our revenue to be from software and we were at that clip as we exited Q4 [in August]. We wanted 50 percent to come from software and services and we were at 51 percent last year. So we’re currently working through the answer to your question. By the middle of the next calendar year, we’ll have a real view because we’re having to look at the P&L implications of everything we’re talking about and trying to figure out what it means and how fast these transitions are going to occur. It’s just not something you can figure out overnight, so we’re going through that right now.

 
 
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