Networking News
Cisco’s Top Execs On Plans To Aggressively Grow Subscriptions By 2025
Gina Narcisi
Cisco has been on a mission to become a software company in recent years and the tech giant is now aiming for sales from subscriptions to make up half of its revenue by fiscal 2025. Here‘s what Cisco’s CEO, CFO, and executive leadership team said about its plans to further subscriptions.
Chuck Robbins, Cisco CEO
On Cisco's software and subscription pivot
“This journey that we‘ve been on to continue to increase our subscription software inside our business – when I took over, we had $3.4 billion in subscription software. We exited last year at almost $12 billion. So, the team did an amazing job. Eighty-one percent of our software is now sold as a subscription, as opposed to, I think it was 40 percent back in 2015.”
“I think it‘s [about] sticking with this multi-year technology strategy and continuing to push the business transformation that we’ve been pushing.”
