Security and networks are a package deal: Cisco CFO

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Security and networks are a package deal: Cisco CFO
Harren
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Shares of Cisco Systems (CSCO) are climbing in the stock's biggest intraday gain since March of 2020. The company topped its fiscal fourth quarter earnings...

and announced a 7% cut in its workforce as it shifts priorities. Cisco CFO Scott Herren joins Morning Brief to break down the latest earnings results.

Um the fastest growing parts where we're investing heavily and pivoting more of our resources too are of course around A I, you can't have a conversation without talking about A I anymore. And so so as investors are trying to wrap their minds around what type of multiple Cisco should have, what type of company they should be valuing Cisco as how do you internally kind of look at Cisco and say this, this is our profile.

Um That's what you had come to expect from Cisco and what got disturbed really by the beginning of the supply chain challenges, our lead times extended, a lot of orders got pulled forward because of long lead times.And now that bottleneck of orders that we had in our hands became a bottleneck of implementations at our customers.

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