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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This is your Data Sheet for Wednesday, March 28, 2018.