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Cisco Systems (CSCO) Affirms FY14 Revs Outlook; Will Take 'Significant Actions' to Transform Company - CEO Chambers

August 13, 2014 4:40 PM

Cisco Systems (Nasdaq: CSCO) sees Q1 revs flat to up 1 percent, with the estimate unchanged from the prior quarter. The company sees reinvesting nearly all of its cost-savings back into the business.

No bounce back of emerging markets is expected for "several quarters."

CEO John Chambers says he will take significant actions to transform the company.

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