Cisco CEO: Cybersecurity Acquisitions are Coming

 
Networking giant Cisco Systems reported its first quarter with CEO Chuck Robbins at the forefront since the retirement of the CEO of a lifetime, John Chambers. And while the title was arrested recently, Jim Cramer believes the company is moving in the right direction.

"After reviewing the results of Cisco today, it seems that the strategy of the company is working, and Chuck Robbins is clearly unable to perform, providing a strong quarter to the right of the door," said the owner, "Mad Money".

Cisco recorded a gain bar 3 cents to 56 cents a base, with higher than expected revenues and a strong guidance for the next quarter. The company continues to make progress in high growth areas such as security and the Internet of things, when you disconnect from the business of low margins, such as the division of set-top-box, which sold for about $ 600 million in July.

To find out what might be in the works for Cisco, Cramer spoke with Robbins.
The new CEO said he sees a solid future ahead in the field of computer security, a sector that Cramer considered the fastest group on Earth any business growth. The CEO believes that computer security is a priority in the face of a world that connects everything.

He predicts that each customer and company are connected to everything, which require a network, Cisco's specialty. He said it will also require the network to be a security center.
"We believe that security is a big game for us, and we will use all our means of innovation to actually build that architecture," Robbins said.

See Robbins, meaning that the company will continue to innovate and lead the research and development, social and, if necessary, and make strategic investments and acquisitions, if necessary.

While Cisco has had a presence in China for the past 20 years, the country still contributes only 3 percent of the company's business. However, Robbins it not expected to become the largest economy in the world, so that Cisco remain committed to China for the long term.
"We spent a lot of time there recently and really understand what is going on. In this time exposure, we have limited, but we are committed to long term," said Robbins.