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Cisco profit beats on strong demand for security products
JAY GORY, MANAGING EDITOR, business
Revenue in the security business, which offers firewall protection and breach detection systems, rose 14 percent to $528 million. To offset sluggish demand for its traditional lineup of switches and routers, Cisco has been focusing on areas such as security, the internet of things and cloud computing. Cisco said it expected an adjusted profit of 57 cents-59 cents per share for the current quarter. read more


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