Cisco Gets Boost From the Cloud, Cost-Cutting: CEO
Cisco‘s better-than-expected revenue growth was from more than "routing and switching," CEO John Chambers told CNBC Wednesday, it was also data centers, cloud computing and $1 billion in cost-cutting measures.
"It goes way beyond routing and switching, which was also good. It goes into collaboration, it goes into cloud, data centers and architecture," Chambers said after Cisco’s earnings and revenue handily beat analyst expectations. "So we were pleased with the quarter. It’s a journey but it was a good start."…

