Software, software, and more software. That seems to be the mantra for Cisco in 2019 as the company pushes software-defined WANs, cloud partnerships, improved application programs, and its over-arching drive to sell more subscription-based software licenses.
As the year closed on Cisco’s first quarter 2019 financials, the company was indeed touting its software growth, saying subscriptions were 57 percent of total software revenue, up five points year over year, and its application software businesses was up 18 percent to $1.42 billion. The company also said its security business, which is mostly software, rose 11 percent year over year to $651 million.
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