Operator
Welcome to Cisco s third-quarter fiscal-year 2021 financial results conference call. At the request of Cisco, today s conference is being recorded. If you have any objections, you may disconnect. Now, I would like to introduce Marilyn Mora, head of investor relations.
Ma am, you may begin.
Marilyn Mora
Head of Investor Relations
Welcome, everyone, to Cisco s third-quarter fiscal 2021 quarterly earnings conference call. This is Marilyn Mora, head of investor relations, and I m joined by Chuck Robbins, our chairman and CEO; and Scott Herren, our CFO. By now, you should have seen our earnings press release. A corresponding webcast with slides, including supplemental information, will be made available on our website in the Investor Relations section following the call.
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.
Cisco now has one of the largest software businesses in the industry with an annual run rate of north of US$14 billion in software revenue, said Cisco Chairman and CEO Chuck Robbins.
During Q3 2021, which ended May 1, the tech giant achieved US$3.8 billion in software revenue. 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.
Supply chain issues cast a shadow over Cisco s earnings results siliconangle.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from siliconangle.com Daily Mail and Mail on Sunday newspapers.
Cisco to acquire threat assessment platform Kenna Security
By IANS |
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Cisco warns users to patch Webex Teams for Windows, video cameras. (@Cisco/ Twitter). Image Source: IANS News
San Francisco, May 15 : Networking major Cisco has announced to acquire Kenna Security, makers of a risk-based vulnerability management platform, for an undisclosed sum.
This is the third acquisition by Cisco this week. The company announced its intent to acquire Sedona Systems and Socio Labs earlier this week, but did not disclose financial details.
Kenna is the first significant acquisition for Cisco s security business since its $2.35 billion purchase of Duo Security in 2018.
Kenna Security is a recognised leader in risk-based vulnerability prioritisation with over 14 million assets protected and over 12.7 billion managed vulnerabilities.