A Cisco spokesperson said in a statement: "This was a very difficult decision and not one that we took lightly.
"Cisco Live Melbourne is an incredibly important event for us as it provides a valuable opportunity for our executives to spend time with you and share details about our strategy, technologies and innovation, as well as the impact we are having on the communities we operate in.
"We greatly value your support in making this one of the region's premier technology events.
Earlier today, there was news that the 2020 Mobile World Congress, scheduled to be held in Barcelona from 24 to 27 February had been cancelled.
While there are scattered news reports that the spread of the coronavirus has stabilised, no definite word has yet been issued by the World Health Organisation.
The virus outbreak is expected to affect tech revenue around the world given the central role that China plays in the supply chain.