The health crisis has forced many businesses to go completely online, increasing the use of video conferencing and virtual private network software, including Cisco’s Webex and AnyConnect.
Revenue for the unit offering Webex declined, but Cisco executives said that was because it also provides older software whose sales have declined as Webex grew strongly. Cisco does not break out sales for Webex, which competes with Microsoft Corp’s (MSFT.O) Teams software and Zoom Video Communications Inc (ZM.O).
“We are larger than Zoom, but they focus on the small and commercial and are trying to go into some enterprises. We have a strong footprint in the enterprise,” Chief Financial Officer Kelly Kramer said in an interview.