Cisco’s new CEO hints at deals in software and security
Chuck Robbins has only been in the job three weeks but the new CEO of Cisco Systems is already dropping hints about acquisitions.On Wednesday, Cisco reported growth in its revenue and profits for the quarter just ended, and in a conference call to discuss the results Robbins was asked about Cisco’s plans for long term growth.“We’ll continue to be very acquisitive going forward, especially in areas like software and security,” he said.They’re two of the areas Cisco has flagged as growth opportunities in the past. They’re also areas where it can generate recurring revenue from subscriptions, something it wants to do more of.Cisco has already been on something of an acquisitions streak, with six purchases announced in less than five months. They include Internet security provider OpenDNS, which it’s buying for $635 million.To read this article in full or to leave a comment, please click here