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