Cisco closes Splunk purchase, previews integrations ahead
With the Splunk deal closed, Cisco becomes one of the largest enterprise software companies. Here's how the product integrations will play out.
With the Splunk deal closed, Cisco becomes one of the largest enterprise software companies. Here's how the product integrations will play out.
Cisco said it will cut 5% of its global workforce in a bid to "realign the organization and enable further investment in key priority areas."
Cisco CFO Scott Herren said customers are implementing "large amounts of recently shipped product." "We expect to see product order growth rates accelerate in the second half of the year," he said.
Cisco CEO Chuck Robbins said the two companies product lines were complementary and provide "full observability for the entire IT stack."
Cisco's results were helped in part by moves last year to simplify its supply chain, so it had the parts to build its networking gear.