Cisco software subscriptions currently account for 70% of total software revenues - an increase of 12 points year-on-year, said Chuck Robbins, general manager of the company in the fourth quarter of 2019. He added that Cisco also completely transferred all of its switching, routing and wireless products to subscription-based software. The company recorded revenues in the fourth quarter of USD 13.4 billion, an increase of 6% year-on-year, and revenues in the financial year 2019 increased by 7% compared to last year, to USD 51.7 billion. Robbins called it "a strong end to a great year" before lowering its first quarter 2020 guidelines. To 0% to 2% year-on-year growth, or between $ 13.07 billion and $ 13.33 billion. Analysts expected revenues of USD 13.4 billion. He tried to make a positive impact on weaker than expected tips. "Four years later and I'm really proud of what our teams have achieved," he said. "I really don't judge where we are going. We have a good implementation history and we have a good position for long-term development opportunities. " But the clues, rather than positive results or results, seemed to be stuck in the hands of investors and caused Cisco shares to drop by 7% in overtime trading. China falls by 25% Trade tensions with China have contributed to poor sales of enterprises and service providers in the region, Robbins said. In fact, Cisco's revenues in China fell 25% year-on-year in the fourth quarter. "We have definitely seen a significant impact on our business in China because it is now related to the trade war," said Robbins, adding that for some business contracts, "we are no longer invited to bid. It was a much faster decline than we expected. " Kelly Kramer, Cisco's chief financial officer, added that service providers' revenues have also been successful in China. "We see everything there, from switches, routers, through security and Meraki products. All this has an impact. " Overall, however, Cisco's network and security activities worked well. Infrastructure platforms, including switches and routers, increased 6% year-on-year to $ 7.88 billion. And security increased by 14% compared to a year ago, reaching $ 714 million for the quarter.
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