The world's largest IT networking company reported earnings and revenue that generally were up, but not substantially so. The numbers beat analysts' expectations during what CEO John Chambers called an "unusually strong quarter." Cisco Systems revealed in its quarterly and fiscal year financial report that its cloud-system data centre business is taking off, its legacy router and switching divisions are basically flat, and its highly touted TelePresence video conference business has fallen off.

The world's largest IT networking company reported earnings and revenue that generally were up, but not substantially so. The numbers beat analysts' expectations during what CEO John Chambers called an "unusually strong quarter." Net income in the Q4 period rose 15% to US$2.5 billion,from US$2.2 billion. Revenue rose 4% to US$11.7 billion from US$11.2 billion a year ago.

Source: eWeek