Cisco (CSCO) has officially sealed its $28 billion acquisition of Splunk (SPLK) after securing regulatory approval from the European Commission. To shed light on the strategic significance of this deal, Cisco CFO Scott Herren joins Yahoo Finance Live. Herren emphasizes that the transaction “will build a lot of value” for both customers and shareholders. He highlights that the acquisition will be “cash-flow accretive,” driving growth in margins and profitability. The CFO stresses the importance of companies staying ahead of the curve in critical areas such as security, networking, and data management. Herren believes that Cisco is uniquely positioned to address these areas, and with the addition of Splunk, “no one’s gonna be able to actually pull that combination of resources together in the way Cisco can.” “There’s no AI without data, there’s no data without a network, and there’s no network without security. So I think it really positions us quite well to power both the rest of the digital transformation but also this revolution in AI,” Herren tells Yahoo Finance Live. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor’s note: This article was written by Angel Smith
Yahoo! Finance: SPLK News
