NEW YORK (Reuters) - Cisco Systems Inc posted a higher than expected quarterly profit, suggesting that technology spending could be picking up for the network equipment maker's customers. Cisco shares rose about 5 percent after Chief Executive John Chambers said in a statement that the company was seeing good signs in a "slow, but steady economic environment." "We are starting to see some good signs in the U.S. and other parts of the world which are encouraging," Chambers said. Profit for the fiscal third quarter ended on April 27 grew to $2.5 billion, or 46 cents per share, from $2. ...
via Tech News Headlines - Yahoo! News http://news.yahoo.com/cisco-posts-quarterly-increase-revenue-202712595.html
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