Cisco Systems delivered better-than-expected third quarter earnings today, and CEO John Chambers said the company has "a clear game plan" to "transition to the next phase."
As noted previously, it was a busy quarter for Cisco, which exited its Flip camera business and reorganized to improve focus. Cisco reported fiscal third-quarter earnings of $1.8 billion, or 33 cents a share, on revenue of $10.9 billion. Non-GAAP earnings were 42 cents a share. Wall Street was expecting earnings of 37 cents a share on revenue of $10.85 billion.
However, Cisco didn't deliver its … Read more