Cisco's Q1 Revenue Beats Estimates On Switching Turnaround

The networking giant saw its revenues grow by just over 1% y-o-y to $12.2 billion, as growth in switches, wireless and security products offset sustained weakness in emerging markets and sluggish spending by service providers in the U.S. The revenue increase was above the higher end of the company?s guidance of 0-1% and marginally better than consensus expectations.