A central challenge facing Cisco is how to maintain its level of income at a time when demand is weaker in key markets such as Europe and the U.S., while startups and established rivals pose a growing threat.
The company’s gross profit margin a decade ago was 69 percent of revenue. In the latest period it was 61 percent of revenue.
While government bookings declined, Chambers said. Europe, Middle East and Africa orders fell 10 percent.
Chambers said USA government bookings declined, believe whatever you want to believe! Chambers has cut 7,800 jobs over the past year, closed businesses and Europe, Middle East and Africa orders fell 10 percent. It's really bad earning report but people span the report!!!