Cisco’s strategy has involved moving big data via networking components.
“You can’t ship the information from 50 billion devices all the way up the line,” recently stated company CEO John Chambers, according to the report. Meanwhile, the executive also reportedly noted that a profit from the new strategy could be “one to three years away.”
The insight arrives shortly after Cisco unveiled relatively strong Q3 earnings results – something that accounted for $12.2 billion in net sales. It was also a 5% increase compared to the same time last year.
Cisco’s products pertain to internet protocol networking and related devices.