5 Companies That Came To Win This Week

Cisco Reports Strong Growth

Cisco beat Wall Street expectations Wednesday by reporting its ninth consecutive quarter of record revenue. The company reported sales of $12.2 billion for the quarter, up 5.4 percent compared with the same quarter last year.

Cisco CEO John Chambers (pictured) cited steady growth in the U.S., which saw revenue grow 7 percent to $7.1 billion. The company also saw upticks in U.S. commercial revenue, enterprise revenue, solution provider revenue and public sector business.

"This balanced approach to growth is a positive signal for growth going forward," Chambers said.


Get the latest channel news to your inbox every morning with the CRN Daily newsletter.