Bible 3Q21: Enterprise IT – Growth slowing, but demand exceeds supply and sets a positive outlook
We publish today the last section on Enterprise IT spending. Legacy is now well above pre-pandemic levels and we see the beginning of a technical slowdown, as compares become more challenging, accentuated by supply constraints limiting growth realization. Underlying demand remains strong, and with supply constraints, this creates a continued favorable environment for 2022, with revenues beating cautious expectations and margins expanding, as price increases take effect. Cisco is well positioned to benefit. Next-gen IT will remain on a steady growth trajectory – but this is in expectations.Cisco Systems designs and sells a range of technologies that power the Internet. The company's business is organized into the following three geographic segments: Americas; Europe, Middle East, and Africa; and Asia Pacific, Japan, and China. The company's products and technologies are grouped into the following categories: Infrastructure Platforms; Applications; Security and Other Products. In addition to its product offerings, the company provides a range of service offerings, including technical support services and other services. The company delivers its technologies through software and services. The company's customers include businesses of all sizes, public institutions, governments, and service providers.
Palo Alto Networks provides a platform that allows enterprises, service providers, and government entities to secure their organizations. The company's platform uses a traffic classification engine that identifies network traffic by application, user, and content and provides security across the network, endpoint, and cloud. The company's product, subscription, and support offerings include: firewall appliances and software; and Panorama, which is a centralized security management solution for global control of various firewall appliances and software deployed on an end-customer's network as well as in their instances in public or private cloud environments as a virtual appliance or a physical appliance.
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