Like other tech infrastructure suppliers, Pure is "seeing signs of a more challenging global business environment."
The acquisition will enhance Cisco’s portfolio of optical systems.
This year, many or even most deals likely will be driven by a company's desire to accelerate its digital transformation.
“We are seeing the benefits of the strategy we started executing on 10 quarters ago,” CFO Kelly Kramer says.
The tech giants are offering protection against cyber attacks to businesses that primarily use their equipment.
The veteran hardware maker's CFO tells how his team is easing the company's entry into software and cloud technology.
The deal "supports Cisco’s strategic transition toward software-centric solutions that deliver predictable recurring revenue," the company says.
The six-year veteran will be replaced as finance chief by Kelly A. Kramer, currently senior vice president for business technology and finance.
Executives might personally think their company's stock is fully valued, but at the corporate level they are still buying back shares.
Finance chiefs must ask tough questions, understand the seller's motivation, and trust their guts, says a veteran deal-making CFO.
