Cisco's CEO said in his keynote speech at NetWorld+Interop that IT spending is on the upswing, and that Investments In IT are helping to improve productivity.
Cisco Systems CEO John Chambers gave a standing-room-only crowd at the NetWorld+Interop show the same good news he had delivered during the company's quarterly earnings call: IT spending is clearly on an uptick, as evidenced by Cisco's profitable showing.
Chambers also told the crowd, some of whom had lined up 45 minutes before his Wednesday evening keynote speech at the Las Vegas trade show, that "Clearly, something fundamental has changed over the last three months." CEOs, he added, seem to have "taken their foot off the [spending] brake.
"It's a pleasure for networking to be back," he added.
Chambers spent a good part of his hour-long speech talking about Cisco's different areas of technology focus--a list that includes security, IP telephony and wireless, and its core switch and router business. But he also emphasized the need to change business processes to take advantage of IT, a task he said was more important than just writing a check for more networking gear.
News source: InformationWeek