Cisco's Q3 Results Beat Estimates On Solid Growth In Key Businesses

The networking giant?s top line increase was driven by solid growth in its key businesses ? Switching, Routing, Collaboration, Data Center, Wireless and Security. The only real challenges reported by the company were lower spending by telecom carriers, resulting in a 20% decline in Service Provider Video orders, and a 20% drop in sales in China, likely on the back of apprehension about foreign technology vendors in the country.