Cisco Systems Inc (MEX:CSCO)

MXN 1202.7 -17.3 (-1.42%) Market Cap: 4.84 Til Enterprise Value: 5.11 Til PE Ratio: 25.53 PB Ratio: 5.22 GF Score: 77/100

Cisco Systems Inc at Jefferies and Nasdaq Conference Transcript

Jun 14, 2022 / 08:00AM GMT

Release Date Price: MXN886 (+1.16%)

Transcript

Jared Ian Weisfeld

Jefferies LLC, Research Division - MD & Technology Sector Specialist

Thanks so much for joining us. So I'm sure everyone is familiar with Cisco to some extent. But maybe for those that aren't familiar with as much of the transition that's underneath the story and the migration to software and subscriptions maybe let's give a little bit perspective in background and we can walk through that.

Richard Scott Herren

Cisco Systems, Inc. - Executive VP & CFO

Sure. So one of the things -- one of the key things that we've been working on at Cisco is moving to a far more recurring revenue model. And I think it tracks the pattern of the industry. It tracks -- as we look at the total addressable markets out for the next 5 years, there's growth in that 5% to 7% range when you accumulate across the markets we sell into. But if you go to the next click, the growth of the subscription model within that overall growth is about 15% to 17%.

So it's a great opportunity for us to go where the market is to go with what our customers want to buy

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