
Cisco reported net sales of $8.2 billion for its third fiscal quarter ending April 25, down 17% year-over-over but ahead of market expectations. Net income (GAAP) was $1.3 billion or $0.23 per share, and non-GAAP net income of $1.8 billion or $0.30 per share. Cisco generated $2 billion in cash in the third quarter, resulting in total cash and investments of $33.6 billion."Cisco delivered solid financial performance despite a challenging global...