Cisco CEO: SP growth in "high teens"

Cisco Systems reported 37% earnings growth for its most recent quarter (which was actually the first fiscal quarter of 2008 in Cisco's lingo). While Cisco CEO John Chambers said the U.S. enterprise market, its traditional wheel-house, is softening, the company is seeing stronger growth out of the service provider segment and other markets.

The SP growth for the quarter was described by Chambers as being in the "high teens," which may not be as impressive as in some previous quarters, but is still an important number for Cisco as it looks to gain more of its future revenue from that sector.

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