Bible 4Q21: Enterprise IT – Legacy hampered by shortages but should improve in 1Q; Strength in Next-gen continues.
We publish today the eighth section of our 4Q21 Bible, on Enterprise IT. In legacy IT spending, growth decelerated with demand outpacing supply. Things should improve in 1Q, with guides implying a re-acceleration to high-single digit YoY growth. Strong momentum in next-gen continued. Cisco experienced its third consecutive quarter of double digit YoY order growth across all verticals, and is well positioned to expand margins in FY23 as supply issues ease with higher pricing & higher software revenues.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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