The acquisition is Cisco's largest acquisition since it bought AppDynamics for $3.7 billion in 2017.
The firm has 8 companies in its portfolio so far.
Cisco's Robbins has put years of work into developing local relationships in China, and his company is now seeing the rewards.
A notable group of CEOs and executives started a new organization devoted to strengthening relations between the two largest democracies in the world.
John Chambers, Cisco executive chairman, talks to CNBC's Tyler Mathisen about Snap Inc.'s debut on Wall Street, and why it emblematic of a digital revolution.
Cisco agreed to buy AppDynamics one day before the software developer was scheduled to sell shares to the public.
Cisco's John Chambers talks about the digitization of economic growth, and GSK's Sir Andrew Witty discusses how the younger generation is changing business at this year's Clinton Global Initiative.
Chambers warns that while Israel, India and France are leading the way in digitizing their nations, the U.S. has no game plan.
Davos this year provides an excellent opportunity for big names leaving political office next year to network for new jobs, Politico's Ben White says.
Cisco has spent decades building products for IT managers and engineers. It's an odd company to try to make workplace video systems more usable.
Marco Rubio and Jeb Bush have the lead among Republicans when it comes to raising money from tech. There's one particular issue that unites them.
John Chambers, Cisco executive chairman, discusses how corporation can build a relationship with China.
John Chambers, Cisco executive chairman, provides perspective on the future of the next generation of the Internet.
Kelly Kramer, Cisco CFO, discusses the transition from John Chambers to new CEO Chuck Robbins.
Brian White, Cantor Fitzgerald, discusses Cisco's software outlook, earnings results, and incoming CEO Chuck Robbins.
Analysts expected Cisco Systems to post earnings of 53 cents per share on $12.07 billion in revenue.
Some sophisticated traders are betting Cisco's rally will be short-lived.
Cisco CEO John Chambers, discusses the company's turnaround plan, and weighs in on how America can stay competitive in a global community.
Cisco Systems on Monday announced John Chambers would step down as CEO effective July 26. Succeeding him will be Cisco Chuck Robbins.
Our future is the brightest it's ever been, says outgoing Cisco CEO, John Chambers, sharing memories of his tenure at Cisco, and weighing in on the appointment of Chuck Robbins as the new CEO.