Cisco Systems Beats Expectations
SAN JOSE, Ca., Nov.5 (TOTI) –
Cisco Systems (NASDAQ: CSCO) reported better than expected revenue forecasts. Althought the companies revenues fell slightly, the company still did well.
The company reported revenues of $9.02 billion dollars, a 12.7% decrease in year over year revenues.
Cisco specializes in high end computer equipment such as routers, switches and other advanced technologies.
Company CEO, John Chambers said the following in a video statement, “The results, given how challenging it was, were pretty solid. When you think about it during the year, we generated almost 10 billion dollars in cash from operations; 36 billion dollars in sales. Our Public Sector and Services both were the two positive lights. Service Provider and Enterprise and Commercial were a little bit more challenging.”
Chambers continued, …
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