Raymond James and Cisco to Host a Conference Call on Software Transcript

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

Question: Simon Leopold - Raymond James & Associates, Inc. - Analyst : Operator, do we have any questions in the queue? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. OCTOBER 02, 2015 / 4:00PM, CSCO.OQ - Raymond James and Cisco to Host a Conference Call on Software

Question: CB Mortensen - - Analyst : Good morning, Simon. Just a quick question. In the traditional environment of infrastructure software, could you define how the new environment is from a competitive standpoint? And bumping up against VMware, or Oracle, or Red Hat, IBM, or even Arista Networks?

Question: Simon Leopold - Raymond James & Associates, Inc. - Analyst : Operator, do we have any other questions in the queue?

Question: Eric Cribbes - - Analyst : Good morning, John, thanks for joining us today. Hello, I have a follow-up, if you will, please. Two-fold, one you gave us a couple stats in terms of how far software has come as a mix for the Company, so clearly you have had a pretty big impact. Part one, how should we measure your success over time, in terms of that mix and impact on the overall organization, one? And then two, a little more pointed question in terms of cloud you mentioned, is the strategy more to enable, or do you ultimately see hosting and supporting cloud for end-users? Thanks. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. OCTOBER 02, 2015 / 4:00PM, CSCO.OQ - Raymond James and Cisco to Host a Conference Call on Software

Question: Simon Leopold - Raymond James & Associates, Inc. - Analyst : Operator, do we have any more questions in the queue?

Question: Jack Donaghy - - Analyst : Thanks, my question was covered. Thanks, John.

Question: Simon Leopold - Raymond James & Associates, Inc. - Analyst : John, I have another question I was hoping to ask you, as well, and given we got a little bit of time, is there a scenario where you could envision Cisco licensing its own infrastructure software for a white box switch, or at least separate the software from the hardware?

Question: Simon Leopold - Raymond James & Associates, Inc. - Analyst : Certainly understand that. So, before we wrap up, operator, do you want to just poll one more time to see if we have any questions, give folks one last shot?

Question: James Sparling - - Analyst : Thanks for taking the question. Just, and I apologize if you addressed this, I joined the call late. On the collaboration portfolio, it seems to be a lot of assets on the market for sale. I'd just be curious how you guys think of your current technology portfolio, and whether you have any ambitions on the M&A front, to accelerate your efforts on the collaboration site? Thanks.

Question: Simon Leopold - Raymond James & Associates, Inc. - Analyst : Operator, any other questions? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. OCTOBER 02, 2015 / 4:00PM, CSCO.OQ - Raymond James and Cisco to Host a Conference Call on Software

Question: Simon Leopold - Raymond James & Associates, Inc. - Analyst : Great. Thank you, much. John, or Emily, to give you have any closing remarks before we wrap the call of?

Question: Simon Leopold - Raymond James & Associates, Inc. - Analyst : Great, well let me thank the folks at Cisco, Emily Hunt and John Brigden. Really appreciate the opportunity. I think this is such an important topic. I think this is really insightful and great information, to be able to drill down on these details. So thank you for participating in this call. And for the audience, I want to make sure you all have a heads up regarding the Raymond James Technology Conference, which will be occurring December 7 through 9 in New York at the Marriott East Side. Same location as last year, but we're expanding to 2.5 days and we'll have presentations, fireside chats, panels, all the fun stuff you known to love at conferences. This is across multiple sectors at Raymond James. So not just my group, but we'll include software, internet, consumer tech, semiconductors, systems and supply chain. So hopefully folks can join us. And why don't we wrap it up. Thanks, folks, for joining us today. This is Simon Leopold, Communications Equipment Analyst with Raymond James. Thank you.