The San Jose, Calif.-based tech giant during the quarter announced plans to acquire Socio Labs, an events technology startup based in Indiana to bolster Cisco Webex Events to include large-scale, multi-session hybrid events and conferences. The segment’s growth was driven by service provider, cloud customers and double-digit growth for return to office products, such as Wi-Fi 6 and Cat 9k, Herren said. The Infrastructure segment, however, rebounded during the third fiscal quarter with revenues of $6.83 billion, up 6 percent compared to last year’s result of $6.43 billion in Q3 2020. Cisco has rolled out more than 400 Webex innovations and features since September aimed at boosting meeting productivity, regardless of the end users’ location.Ĭisco’s Infrastructure segment, which includes the core switching and routing businesses as well as wireless and data center products, saw the most impact from COVID-19 as router and server revenue declines pulled the segment down for the last several quarters. The company’s applications business segment, which includes AppDynamics and Cisco’s videoconferencing and collaboration portfolio, increased 5 percent year over year to $1.42 billion in revenue in the third quarter of the year a record-breaking quarter for the Applications segment, which was driven by double-digit Webex growth, Robbins said. The segment was led by strength in the company’s Duo and Umbrella offerings, said R. “We remain focused on accelerating innovation while simplifying the adoption of our offerings, with network-wide automation, analytics, and flexible, as a service consumption models, all aimed at improving customers’ network performance capabilities, and security, which we believe will drive tremendous long-term opportunities for us,” Robbins said.Ĭisco security, a bright spot in the tech giant’s financials throughout the pandemic, continued to see impressive fiscal results with “record-breaking” 13 percent growth during the third quarter of 2021 to $876 million. In fact, Cisco saw a 10 percent uptick in product orders during the third quarter, the highest since Q1 2021 Robbins told investors during the company’s Q3 2021 earnings call on Wednesday.
Webex driver for mac software#
Software subscriptions accounted for 81 percent of its total software revenue, up sequentially from Q2 2021’s result of 76 percent, as interest in subscription-based solutions grow, the company said. During Q3 2021, which ended May 1, the tech giant achieved $3.8 billion in software revenue.
For the first time since the start of the COVID-19 pandemic, Cisco Systems saw growth across all its businesses, including its Infrastructure segment, which bounced back as enterprises prioritized return to office transformations and hybrid work.Ĭisco now has one of the largest software businesses in the industry with an annual run rate of north of $14 billion in software revenue, said Cisco Chairman and CEO Chuck Robbins.
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