FILE PHOTO: The logo of U.S. networks giant Cisco Systems is seen at their headquarters in Issy-les-Moulineaux, near Paris, France, April 3, 2018. REUTERS/Philippe Wojazer/File Photo
Cisco pivoted to software and cyber security to counter slowing demand for its routers and switches as companies increasingly opt for cloud-based services instead of building their own networks. Sales in the company’s security business, which offers firewall protection and breach detection systems, rose 21% to $707 million, beating estimates of $670.4 million.
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