Analyst Commentary

Cisco Services revenue growth hits a pothole after 55 consecutive quarters of year-to-year expansion; security and data analytics to the rescue

Despite continued investments in next-generation areas to support its business transformation, Cisco Services revenue falls

Cisco (NasdaqGS: CSCO) Services revenue declined (2.2% year-to-year in 1Q17) for the first time since 1Q03 as the company transitioned to a software- and subscription-based model. The decline was partially attributed to the year-ago quarter having 14 weeks, compared to 13 weeks this year. However, growth in deferred services revenue (6.8% year-to-year) shows Cisco is beginning to benefit from it...

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