Last year, Cisco made one of the biggest bets in its nearly 30-year history. Instead of mostly selling networking gear, it decided to also sell software services by subscription. Cisco hopes the change in strategy will bring more consistent revenue at a time when corporate customers are buying less hardware. So far, Wall Street is pleased: Cisco’s shares soared 37% over the 12 months ending in May.
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The U.S. has led an effort to contain the company and limit its sales.
The plan is to prepare workers for an automation and A.I. world.
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This is your Data Sheet newsletter for Monday, October 15, 2018.