CLAIM #17531 · CSCO (CSCO) · 2022Q4 earnings call · Aug 17, 2022 · due Jul 31, 2023
“I think as we continue to clear our backlog or work through it, not clear it, but as we work through our backlog, you'll see some share come out.”
Chuck Robbins · CEO
In context
“I think, created by your competitors, rightly or wrongly, but I want to let you respond that, in campus enterprise in particular, which is still core to what you all do, that you've got competitive pressures. Any thoughts you can share on what you're seeing in your campus enterprise business, both on the wireline switching and on the wireless LAN side, you clearly talked about strength from an order perspective, but I want to let you respond. And then I've got a question on margins. Chuck Robbins: Okay. First of all, I think, market share is a very difficult thing to assess right now, to your point, because of everything sitting in the backlog. I do believe that Q4 was the second largest Cat 9000 shipment quarter in the history of the product. So that would indicate that it's strong. And I think as we continue to clear our backlog or work through it, not clear it, but as we work through our backlog, you'll see some share come out. But I would encourage you to look at market share over a trending quarter time frame as opposed to a point in time because you just never know. We've got some products that we've been redesigning that we have backlog that we'll begin to ship and mass that will actually flip market share numbers pretty significantly. And my competitor is going to be telling you exactly what I'm telling you right now. So it's something you just got to watch over time. And so, I'm not -- I mean, clearly, we have competition in the campus. We have very strong competition, we always have. And -- but given the volume of the products that we're shipping right now, I don't feel like we're losing significant share. Paul Silverstein: Okay. And also from a big picture perspective, once upon a time, networking in gen”
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SEC filings for CSCO ↗ · Claim quote is verbatim from the 2022Q4 earnings call.