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More from Cisco's (CSCO) call: Orders +4% Y/Y, better than FQ2's flat growth. Americas +7% (+2%...

More from Cisco's (CSCO) FQ3 call: Orders +4% Y/Y, better than FQ2's flat growth. Americas +7% (+2% in FQ2) with U.S. public sector +5% after many quarters of weakness. EMEA flat, better than FQ2's -6%. Asia-Pac/Japan +1%, down from +3% due to tough comps and China issues. "Emerging countries" +13%, aided by India's +29%. Book-to-bill around 1. Switch revenue -2% Y/Y as campus weakness (share loss?) offsets data center/10G strength. Routers flat. Wi-Fi +27% in spite of warnings from ARUN and RKUS; carrier Wi-Fi +100%. Data center +77% as UCS servers keep gaining share. Security -4%. The carrier capex environment is still soft, but Cisco claims share gains. Product mix impacted gross margin guidance. (previous)
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