Cisco Systems Inc Q3 2019 Earnings Call Transcript

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

Question: Mitchell Toshiro Steves - RBC Capital Markets, LLC, Research Division - Analyst : I really have 2. One in kind of the securities side, and secondly, maybe some back half update. On the Security side, you guys are growing at 20% plus. I think that back a couple of years ago, people would never believe that and would have viewed Cisco as kind of a shared donor. So I guess what has changed in terms of the products that you guys are selling? And then secondly, do you think that's something that's more sustainable, or let's call it, teens growth instead of the historical 10% growth? And then secondly, I know Cisco used to kind of give kind of a IT spend number. Can you maybe provide us any sort of commentary in terms of what you guys think of the back half? I mean is the demand environment in your guys' view going to be better, worse or kind of the same? Because I think it's a little bit difficult to figure out what you guys are going to grow at considering the first half has already been solid. So I just wanted to know if you guys can give any color there as well.