The challenge for Cisco (Nasdaq:CSCO) these days is pretty clear - show the Street that it can not only improve its margins, but also reignite growth and reclaim market share that it has lost to emerging competitors over recent years. Judging by the company's fiscal second quarter results, it looks like the company is making solid progress on the first goal, but has a ways to go on the others.
Better Than Expected Results for Fiscal Q2
Cisco did reasonably well relative to expectations for the second quarter. Revenue rose 11% from last year and 2% from the prior quarter to over $11.5 billion - beating the average analyst guess by a couple of percentage points.
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