Cisco's Earnings: It's A Beat!

John Chambers Cisco CEOFlickr/World Economic ForumCisco CEO John Chambers

Cisco just reported its quarterly earnings. A lot of eyes are watching Cisco this quarter because it set the bar very low for itself. It warned that revenues would decline by 8-10% over the previous quarter.

It reported CSCO Non-GAAP EPS $0.47, Exp $0.46, Revenue $11.2 Billion

Analysts expected 46 cents earnings per share on revenue of about $11 billion for the second quarter.

We're sifting through the earnings report now. More to come.
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