Page 22 - SAMENA Trends - July-August 2023

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Cisco Targets Network Monitoring Company

SamKnows

Cisco struck a deal to buy UK-based assurance portfolio. Financial terms of the to late October. Privately-held SamKnows
broadband network monitoring company deal were not disclosed, but Cisco expects gathers connectivity information from
SamKnows to strengthen its network to close it in fiscal Q1 2024, which runs millions of vantage points on home routers
and mobile devices globally. Cisco SVP
and GM of Network Assurance Mohit Lad
stated in a blog the company plans to use
Accedian and SamKnows to link additional
data into its ThousandEyes cloud to
provide more visibility into broadband
networks and last-mile performance. The
deal will also put ThousandEyes’ end-to-
end network assurance platform in front of
more broadband service providers to help
them isolate and troubleshoot issues at a
faster rate, Lad said. EVP and GM for Cisco
Networking Jonathan Davidson explained
in a blog the SamKnows team will join the
network assurance business. Davidson
stated applications for hybrid working, 5G,
IoT, and AI have increased the need for real-
time visibility across broadband networks.

Cisco Buoyed by Software Revenue, AI

Cisco CEO Chuck Robbins position it “very well to build out the infrastructure 16 per cent to $15.2 billion. Software revenue
touted the result of a shift to that hyperscalers and others need to build AI/ rose 17 per cent to $4.6 billion and software
subscription-based software ML clusters”. He stated the company booked AI subscription 20 per cent to $3.9 billion. Total
revenue, and new generative product orders of more than $500 million from subscription revenue was $6.6 billion, up 13 per
AI products and services, as top-tier companies. “This is a huge opportunity cent. Fiscal 2023 profit grew 7 per cent to $12.6
he revealed fiscal Q4 2023 for Cisco and we are laser-focused on leading and billion with revenue up 11 per cent to $57 billion,
figures he claimed rounded winning in this space.” Fiscal Q4 net income grew which Robbins branded its highest growth rate in
out a milestone year. CFO 36 per cent year-on-year to $4 billion and revenue more than a decade.
Scott Herren used an earnings
call to note 85 per cent of
its software revenue was
subscription based. “Looking
at our [fiscal] Q4 revenue in
more detail, total product
revenue was $11.7 billion up
20 per cent,” Herren stated.
“Service revenue was $3.6
billion up 4 per cent.” Robbins
said Cisco “delivered on our
operational and financial
goals while accelerating
our transformation” in fiscal
2023, which ended on 29 July.
He said security remained
one of the company’s top
priorities going forward, while
new generative AI products
announced during fiscal Q4

22 JULY-AUGUST 2023