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Globally, the economic outlook remains strong as foreign economies have become less dependent on the U.S., Chambers said.
"When I talk to my customers, they feel good on a global basis. The confidence is at a different level, and it isn't the concern they used to have that if the U.S. catches cold, they're going to be in real trouble," Chambers said. "They're dependent on the U.S. for part of their growth, but it's much more balanced. This is where the global economy may help the U.S. out of it."
Balance across geographies and product segments also insulated Cisco from dips in the U.S. enterprise space, he said.
"If you look overall at our balance, it feels good. We can handle two or three out of our 20 areas of focus being off. They will be offset by others," Chambers said.
Cisco's orders for the quarter in Europe grew year-over-year by approximately 20 percent, in the high teens for Asia-Pacific and by 35 percent in emerging markets, Chambers said.
For the quarter, ended Oct. 27, Cisco reported earnings of $2.21 billion, or 35 cents per share, up more than 25 percent from $1.61 billion, or 26 cents per share, for the same quarter a year ago.
Revenue for the quarter climbed nearly 17 percent to $9.55 billion, up from $8.18 billion in the year-ago quarter.
Excluding charges, Cisco earned 40 cents per share, beating Wall Street expectations of by four cents. Analysts expected the company to report earnings of 36 cents per share on revenue of $9.53 billion, according to Thomson Financial/First Call.
Chambers offered revenue growth guidance for the second quarter of 16 percent year-over-year and 13 percent to 16 percent year-over-year for fiscal 2008.
Shares of Cisco dipped $3.00 to $29.75 in after-hours trading, as second-quarter guidance fell below analysts' expectations.
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