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AI World Conference & Expo · Boston, MA · December 11-13, 2017

Posts Tagged ‘john chambers cisco software and services’

All eyes were on Cisco last Friday, December 7th as the company held its annual Financial Analyst conference in New York. Cisco, the undisputed 800-pound gorilla in networking, has been rapidly transforming itself into a broader IT company. At the event, CEO John Chambers made the bold claim that the company’s goal is to not just be an IT company, but indeed the No. 1 IT Company. Chambers did clarify that this would be accomplished by improving overall value as an IT partner versus total revenue. Chambers also re-affirmed to investors that the long-term growth target remains 5%-7% and that gross margins would remain constant during that timeframe. So summarizing the “Cisco plan” – No. 1 IT company, long-term growth of 5%-7% off the already massive $46B or so in revenue, and steady margins – makes it a pretty bold statement to throw out there.

I do, however, think Cisco has a good shot at reaching these goals, for the following reasons:



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