Cisco (CSCO) Ticks Higher as CEO Chambers, CFO Calderoni Host Webcast

Cisco Systems (Nasdaq: CSCO) is ticking higher Friday as the company holds its Financial Analyst Conference 2012 event today.

CEO John Chambers is speaking on the web cast, offering a few juicy tidbits to investors. In part, Chambers said:

• gross margin should hold steady over the next few years, with the biggest issue being product mix;
  
• "Big bets" made over the last few years are working out;
  
• Sees long-term growth of 5 percent to 7 percent;
  
• Sees shift toward services and subscription based operations;
  
• Sees doubling of software revs via new offerings; and
  
• Investors will sees a "different position" for Cisco on Monday.

CFO Frank Calderoni also spoke on the call, saying:

• Long-range plans have become a more significant focus;
  
• Sees unified data center revs CAGR at 20 percent ot 26 percent over the next 3 year to 5 years;
  
• Sees mobility, wireless revenue CAGR at 14 percent to 17 percent over same period.

Cisco is up about 1 percent in early trading. A link to the webcast is here.

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