Cisco Systems (CSCO, Financial) reported third-quarter revenue of $14.1 billion, surpassing the market's expected $14.06 billion. The company's CEO, Chuck Robbins, emphasized the robust demand for Cisco's innovative technologies, attributing their success to secure networking and strong global partnerships that enhance customer value.
Chief Financial Officer Scott Herren highlighted that Cisco's effective execution during the quarter resulted in revenue, margins, and earnings per share (EPS) exceeding their forecasted guidance. He noted that the company's focus on innovation and operational discipline is driving substantial cash flows, supporting significant returns to shareholders.
