Cisco Rides High on Rising Network Complexities

Cisco’s equipment has endured multiple security attacks and flaws on various fronts, including a heightened number of security advisories of late, but it doesn’t appear to be hitting the company’s bottom line. The company still dominates the global switch and router markets and its expanded push into 5G and WiFi 6 is leading the vendor into wider opportunities outside of its traditional domain. “New technologies like cloud, [artificial intelligence], IoT, 5G, and WiFi 6 among others are coming together to revolutionize the way we operate our businesses and deliver new experiences for our customers and teams,” CEO Chuck Robbins said during an earnings call, according to a Seeking Alpha transcript. “We are fundamentally changing the way our customers approach their technology infrastructure to address the rising complexity in their IT environments.” Cisco banked $3 billion in net income on $13 billion in revenue during the recently closed quarter. This comes amid a transformational shift in how Cisco sells software and it’s paying dividends, according to the company.