Cisco’s strategy of diversifying into a more software-optimized business is paying off – literally.
The software differentiation was perhaps never more obvious than in its most recent set of year-end and fourth quarter results. (Cisco’s 2018 fiscal year ended July 28.) Cisco said deferred revenue for the fiscal year was $19.7 billion, up 6 percent overall, “with deferred product revenue up 15 percent, driven largely by subscription-based and software offers, and deferred service revenue was up 1 percent.”
