Analyst Commentary

Cisco services revenue grows for 55th consecutive quarter as the company expands its security and data analytics capabilities to enhance portfolio

Revenue growth in security and software-based services benefits Cisco’s services revenue as the company continues to expand to focus on a recurring revenue model Cisco’s (NasdaqGS: CSCO) corporate revenue declined 2.9% year-to-year to $11.6 billion in 4Q16, while Cisco Services revenue grew for the 55th consecutive quarter, increasing 4.9% year-to-year, to $3.1 billion. Cisco Services contributed 26.7% of total Cisco revenues, improving 200 basis points from 24.7% in 4Q15, driven by an emphasis on innovation to develop sec...

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