Cisco Systems' fiscal third quarter results were solid as the company avoided the shortfalls rivals faced.
The company reported third-quarter earnings of $2.2 billion, or 40 cents a share, on revenue of $11.6 billion, up 6.6 percent from a year ago. Non-GAAP earnings were 48 cents a share.
Wall Street was expecting earnings of 47 cents a share on revenue of $11.59 billion. Going into Cisco's earnings, analysts were expecting a mixed quarter. After all, Cisco rivals Juniper, Riverbed and Polycom all struggled with their most recent financial results.
In a statement, Cisco CEO John … Read more