Cisco Systems Inc at Citi Global Technologies Conference Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Jim Suva - Citi - Analyst : Any additional questions from investors? There's a question on the front on this side of the room. Unidentified Audience Member The latest round of restructuring, how much of the focus on that is on the sales force versus other parts of the Company?

Question: Jim Suva - Citi - Analyst : There's a question here on the second row. Unidentified Audience Member When you're thinking about investing to drive that growth, do you think about that more in terms of organically? Or, is M&A playing a bigger role? And specific to M&A, as you look at the portfolio, where are there opportunities to kind of augment what you have with M&A?

Question: Jim Suva - Citi - Analyst : There's a question there in the back of the room. Unidentified Audience Member In terms of maybe you could develop sort of the thought process in terms of how you view Cisco's strength broadly in software and the offering in software. I think investors are fairly up to speed with where you stand and your market role and the strategy within security. But I'm interested in sort of defining where you think you are strong in software outside of security today, when you go in front of customers how your software portfolio looks outside of security? And over the next few years, what are the kind of two or three buckets where you think outside of security to become even more important within software for Cisco?

Question: Jim Suva - Citi - Analyst : And I think I saw a question on the second row. Unidentified Audience Member It looks like business in China has been quite lumpy. It's gone from good to bad to good to bad. Can you confirm that maybe? And then, what's the reason for that? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. SEPTEMBER 07, 2016 / 3:00PM, CSCO.OQ - Cisco Systems Inc at Citi Global Technologies Conference

Question: Jim Suva - Citi - Analyst : There's a question here on our front row. Unidentified Audience Member I think building from that, just from a geographic perspective, some of your competitors have cited taking share in both the routing and switching markets. I was just curious what you're seeing? There's been mention of pricing pressure, discounts, macro uncertainty. Really, how are you working to combat maybe the market share loss to maybe improve it or maybe level it out, going forward?

Question: Jim Suva - Citi - Analyst : Chris, since you're in charge of sales and you mentioned the word "partnerships" that you have, whether it be Ericsson or Apple or things like that, do you go in to clients, like, Cisco representatives and Ericsson representatives all in the same pitch? Or, how does that partnership actually work on the client-facing side?

Question: Jim Suva - Citi - Analyst : Well, concluding, Chris or Marilyn, if you could maybe remind us of the top two or three reasons why you believe the investors who own Cisco stock should keep buying it or build a position? Or those who are looking at Cisco as a new investment, what are the key investment criteria or merits that you'd like to really communicate here as we conclude today?

Question: Jim Suva - Citi - Analyst : Marilyn, anything you'd like to conclude with?

Question: Jim Suva - Citi - Analyst : Great. Thank you so much, ladies and gentlemen, for joining us and especially to Cisco for joining us. Thank you.