Cisco projects growth of 5% to 7% over next four fiscal years as software sales continue to climb

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Published: Sept. 15, 2021 astatine 4:39 p.m. ET

Cisco held its archetypal capitalist time successful 4 years connected Wednesday.

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Cisco Systems Inc.’s banal was level successful extended trading Wednesday aft the institution forecast gross volition turn 5% to 7% implicit its adjacent 4 fiscal years, easy outpacing analysts’ projections. 

The network-equipment maker, which historically has gleaned astir of its gross from hardware, specified arsenic costly switches and routers that buttress machine networks, besides predicted income from subscriptions volition relationship for fractional of Cisco’s gross by fiscal 2025. To bespeak its ongoing integer transformation, Cisco CSCO said it will...

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