Cisco starts 'talent movement options', and restructuring amid real estate cuts
Cisco is forging ahead with restructuring that involves cutting jobs, moving headcount to priority divisions and consolidating real estate, despite raising its revenue forecast for the current financial year.
“We delivered the largest quarterly revenue in our history, driven by excellent execution and the actions our team took to remediate our supply challenges,” said CEO Chuck Robbins on a conference call. “Given these results, along with the strength of our orders, our visibility and easing supply constraints, we are raising our full year outlook.”
The Secure, Agile Networks division bounced 12 percent to $6.684 billion led by campus switches, End to End Security was up 9 percent to $971 million on Zero Trust demand and Optimized Application Experiences grew 7 percent to $193 million, fueled by SaaS-based Thousand Eyes.
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