CLAIM #17758 · CSCO (CSCO) · 2024Q4 earnings call · Aug 14, 2024 · due Jul 31, 2025
“I said we should see the real momentum kick in '25.”
Chuck Robbins · CEO
In context
“across the company really in every way so that we can take those resources and allocate them into the fastest growing spaces. I think it's -- think of it as more of just the financial discipline that you've always seen from us. I mean, if you just look at the year we just closed, obviously, it was a challenging year on the top line for revenue and yet we reported the highest operating margin in the history of the company. So this is just more of the financial discipline that I think you've noticed for. Chuck Robbins: And then on the security question, yes, Tal, if you think back to -- go back about a year, what I had said, I felt like what happened is that we would start seeing improvement in the second half of fiscal '24. We were high-single-digits in Q3, we were double-digits in Q4, and I said we should see the real momentum kick in '25. And I think that's what we're feeling the beginning of that. As it relates specifically to CrowdStrike, it's hard for me to say, I will tell you that we added 230 more XDR customers, we're pushing 600 customers on that platform, which is a -- it's a pretty significant decision when customers make that decision. So that's encouraging. And candidly, the secure access product that is the cloud edge security solution is actually ramping even faster than XDR did. So the teams have done a great job with this innovation. We have 2,200 customers now that are using our AI assistant in security. And so that's very encouraging as well. So we're really optimistic about what the teams have been doing in this space. Sami Badri: Thank you, Tal. Michelle, we'll go to the next question. Operator: Thank yo”
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SEC filings for CSCO ↗ · Claim quote is verbatim from the 2024Q4 earnings call.