Updated 5:37 p.m. PDT Comments and analysis added from Cisco's conference call.
Cisco Systems reported quarterly losses on Wednesday, but the company still managed to beat Wall Street analyst expectations as its CEO cautiously reported that business customers are feeling better about the economy.
Based on non-GAAP, or non-generally accepted accounting principles, the networking equipment maker reported earnings of 30 cents a share on sales of $8.2 billion. Analysts had expected the company to report earnings of 25 cents a share on revenue of $8.1 billion.
Cisco said sales of its products were down about … Read more