Cisco‘s (NASDAQ:CSCO) cybersecurity business is getting better with each passing quarter. The networking specialist’s cybersecurity revenue now exceeds many pure-play specialists thanks to the scale of its business, and it won’t be long before it establishes a viselike grip over the market.
Stepping on the gas
In the recently reported fourth quarter, Cisco’s cybersecurity revenue shot up 12% annually to $627 million, making cybersecurity Cisco’s fastest-growing segment. By comparison, pure-play cybersecurity company Check Point Software Technologies posted a revenue increase of just 2% last quarter.
What’s even more impressive is that the networking giant’s cybersecurity revenue growth has accelerated over time.
It is not difficult to understand how Cisco has managed to bump up the growth of its cybersecurity business. The company’s legacy as a provider of networking equipment such as routers and switches gives it an immense advantage over pure-play rivals, since it can simply bundle its cybersecurity