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CLAIM #17735 · CSCO (CSCO) · 2024Q3 earnings call · May 15, 2024 · due Jul 31, 2025

I've always said on the security front even before Splunk that we had brought in a new team...I had always said that second half of '24, I expected you would see an improvement and then in '25, you'll see it get to where we really need it to be.

Chuck Robbins · CEO

PENDING
graded after results covering Jul 31, 2025 are reported

In context

bly a couple of years and it was high-single-digits. So we're seeing the traction on these new products. They're just ramping, right? They're new, customers are testing, they're implementing. And by the way, a lot of it is ratable. So you don't -- you take the orders and then, you know, like close to 80% of our security portfolio is ratable. So that actually impacts the time for it to transition into revenue. So that's on the security side. But I think on the security and Splunk side, I'll talk about it a little bit. We've -- and then I'll let Gary comment on some of the integration. But we announced our first integration last week at RSA. Our intent is just to continue pushing innovation out. We'll have more announcements at Cisco Live. So I think that you'll continue to see that happen. I've always said on the security front even before Splunk that we had brought in a new team, we've been building new innovation. The team has built five new products and solutions from the ground up over the last 12 months, as you alluded to, just done a phenomenal job. And I had always said that second half of '24, I expected you would see an improvement and then in '25, you'll see it get to where we really need it to be. And I think that still stands. You want to comment on the Cisco, the integration stuff, Gary? Gary Steele: You bet. So, one of the things I'm super excited about is the progress we've made from an integration standpoint. So last week at RSA, for example, we announced the integration between the Cisco XDR solution and Splunk's Enterprise Security solution. So bring -- bringing high telemetry alerts into Splunk Enterprise Security gives a Splunk customer that much more value in terms of threat detection. And this is just the start of the elements of integration that we can deliver that will ultimately drive growt

Verify independently

SEC filings for CSCO · Claim quote is verbatim from the 2024Q3 earnings call.