Cisco Jumps After Forecast Signals Success in Business Shift

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  • Security, conferencing help make up for tepid hardware demand
  • Acquisitions begin to pay off; shares jump after upbeat report

Why Cisco Is Shifting Its Focus to Software Sales

Cisco Systems Inc. jumped the most in three months after quarterly sales and profit forecasts exceeded analysts’ estimates, an early sign that it’s staying ahead of shifts in the networking industry that threaten its lucrative hardware business.

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