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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.

Todd Nightingale, EVP, GM, Enterprise Networking and Cloud

On subscription momentum in Cisco's core networking business

“All of these [technology and buying] transitions are driving momentum for Cisco and we‘re feeling that in our networking business. We’ve seen double-digit growth [in fiscal Q4 2021] in our core enterprise networking space, and that’s a really remarkable result for Cisco. The core enterprise networking business is being transformed more and more to a software business. We saw 29 percent of the [networking] business has been transformed to software and two-thirds of that software are now in subscriptions. We’re seeing it not just in our collaboration or security business, we’re seeing in our core networking business. We have huge momentum that is propelling us and will continue to propel us in the future with a million customers as well as 330 million networking devices. That’s an enormous installed base and it represents an enormous opportunity for us.”

 

 

 

 

 
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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