CLAIM #17710 · CSCO (CSCO) · 2024Q2 earnings call · Feb 14, 2024 · due Jul 31, 2024
“So I think over the last few quarters, I've been pretty consistent that we thought the second half of this fiscal year, we would start to see an acceleration of security.”
Chuck Robbins · CEO
In context
“to mix those. My sense is, unless there's something that changes significantly or there's some sort of technology reason for GPUs to be mixed, which I can't speak to at this point. I don't think the underlying network will be mixed. I just don't think there's any benefit for them to do that. Sami Badri: Thank you, Simon. Michele, next question. Operator: Thank you. Tal Liani with Bank of America. You may go ahead. Tal Liani: Hi. I have two questions. The first one is security. The market is great. And we met 2 years ago and 3 years ago when you spoke about new strategy and going to market, but it's still only growing 3%. What is happening there? And what can you do to fix security and benefit from this market growth? And then maybe I'll ask my follow-up. Chuck Robbins: Okay. Thanks, Tal. So I think over the last few quarters, I've been pretty consistent that we thought the second half of this fiscal year, we would start to see an acceleration of security. And I can give you some highlights where we are seeing some of that - some green shoots early. Some of the new innovation like XDR and Secure Access, Multicloud Defense suites are - we're seeing good pipeline build with those technologies. XDR, we now have - we announced that in April last year, we shipped in August. And we have 230 customers, 230-plus customers on the platform today. And the important thing to remember is that it's a big platform play. And we actually typically see that as a 6 to 9-month sales cycle. So to have 230 customers already, I think, is a statement on the value that our customers are seeing. That's going to be a real important integration point with Splunk, by the way. So that we see, we see - we feel good about the pipeline. From a demand perspective, just to g”
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SEC filings for CSCO ↗ · Claim quote is verbatim from the 2024Q2 earnings call.