Robbins On The Record

Following mixed sales results for its third fiscal quarter and weaker-than-expected fourth quarter guidance, Cisco CEO Chuck Robbins discussed a variety topics on CNBC Thursday morning .

"The competition that we faced has been severe," said Robbins.

Cisco is predicting a year-over-year revenue decline of between four to six percent for its current fiscal quarter, largely due to drops in its service provider and public sector businesses, specifically in the US federal government.