CLAIM #17784 · CSCO (CSCO) · 2025Q1 earnings call · Nov 13, 2024 · due Jul 31, 2025
“So, we think the refresh opportunity is real for some period of time and in large part will be driven by this AI wave.”
Chuck Robbins · CEO
In context
“the same hardware. So, that's been something we've been working on for a while is hardware portability between both on-prem and cloud. But we see that -- we see customers continue -- because if you think about the AI deployment and you think about starting first in the back-end of AI, which we've seen, and then as you see these pervasive deployment of AI applications in the enterprise, that's going to have dual impact. Number one, it's going to create that front-end network pull that we talk about because the enterprises are going to be connecting back to the cloud to take advantage of their models. And then, it's also going to continue to pull the refresh in the enterprise side because they're going to need their networks modernized to be able to run edge based versions of AI, et cetera. So, we think the refresh opportunity is real for some period of time and in large part will be driven by this AI wave. Sami Badri: All right. Thank you, Jim. Michelle, we can move to the next analyst. Operator: Thank you. Meta Marshall with Morgan Stanley. You may go ahead. Meta Marshall: Great. Thanks. Maybe circling back to Michael's question, where you answer that kind of organic security growth would have been in kind of the mid-to-high teens if you stripped out kind of U.S. federal. Just wanted to get a sense of kind of what was driving some of that strength? Is that data center modernization, or just what products are kind of driving some of that upside? And then just second question, just on data center modernization as a tailwind, just where are you kind of seeing kind of prioritization the most kind of within the data center? Is it kind of around security or updating switching? Just kind of any c”
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SEC filings for CSCO ↗ · Claim quote is verbatim from the 2025Q1 earnings call.