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CLAIM #17499 · CSCO (CSCO) · 2022Q3 earnings call · May 18, 2022 · due Jul 31, 2023

The renewal stuff in '23, it could be helpful.

Chuck Robbins · CEO

PENDING
graded after results covering Jul 31, 2023 are reported

In context

hat we wrote down -- software revenue that we wrote down as a result of ceasing operations in Russia. So those three -- the first one is hard to put a number on, but assume it's reasonable. The Russia and the extra quarter was a 5-point headwind to our software growth. So I know it's a little complicated, but I wanted to make sure you understood that. So I would expect this stuff to normalize back particularly without the Russia and the extra week impact. And then when supply chain starts to clear, then we'll start to see those normalized growth rates that we would expect, so hopefully that wasn't too complicated. Tim Long: Yes. Just curious any other standalone software or 9000 upgrades? What are the kinds of things outside of the macro related that could really help? Chuck Robbins: Yes. The renewal stuff in '23, it could be helpful. We are continuing to make progress on that across the portfolio. I mean, we've got subscriptions running on switching on routing, enterprise routing, on enterprise wireless. We've even built some subscriptions into our mass scale infrastructure group. We've got subscriptions now in our data center networking group. So they'll sort layering in over the next few years. Tim Long: Okay, thank you. Marilyn Mora: Okay. It looks like we have time for one more question. Operator: Thank you. Amit Daryanani from Evercore. You may go ahead. Amit Daryanani: Perfect. A lot of snuck in here out. I guess I would be the dead horse in China supply chain issues. And maybe to the answer from the perspective of the billion-dollar shortfall, I know it's supply chain, not just China, if you have in July. A, wh

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SEC filings for CSCO · Claim quote is verbatim from the 2022Q3 earnings call.