Highlights From The Cisco Conference Call (CSCO)

Cisco Systems CSCO reported earnings today after the bell, and here are some highlights from the conference call. John Chambers says Q1FY11 came in as the company expected. -Chambers notes EPS rose 17% year over year to 42 cents in non GAAP. -Expects to see first major orders for data systems in Q2FY11. -U.S. had product order growth of 6% year over year. -Collaboration, Video and Cloud are major drivers for Cisco over the next few years. -Saw challenges including in public sector, service provider segment and Europe.