Rising Video Traffic Lifts Cisco

Cisco said that its net sales in the quarter ending January 26th increased 5% year-on-year to 12.1 billion US dollars.  That marks a slight slowdown from the 6% in the previous quarter. John Chambers, Cisco chairman and chief executive officer, said: "In terms of the future, we are making solid progress towards our goal of becoming the #1 IT company in the world. As new markets grow and are created, such as the Internet of Everything, it's very easy to see how the intelligent network is at the center of that future." source: Cisco statement