
Cisco reported quarterly revenue of $12.4 billion, net income on a generally accepted accounting principles (GAAP) basis of $2.2 billion or $0.43 per share, and non-GAAP net income of $2.8 billion or $0.55 per share for the period ended July 26, 2014. The earnings came in slightly ahead of market expectations. The company also announced plans to reallocate or trim some 6,000 jobs in the coming quarters.
"We are executing well in a tough environment...