More on Cisco's FQ3: Revenue growth roughly flat from FQ2. Operating cash flow was flat Y/Y at...

|About: Cisco Systems, Inc. (CSCO)|By:, SA News Editor

More on Cisco's FQ3: Revenue growth roughly flat from FQ2. Operating cash flow was flat Y/Y at $3B in spite of 10.9% net income growth. 27M shares repurchased for $550M (26M in FQ2). Gross margin was 63%, slightly above expectations but down 90 bps Y/Y. Operating expenses fell 1.3% Y/Y thanks to restructuring, but that's a smaller decline than last quarter. Earnings call starts at 4:30 PM ET (webcast). CSCO -2.1% AH. (PR)