After five years in the role, Kelly Kramer is stepping down.
First-quarter results beat analysts' estimates but the revenue guidance for the current quarter helped send Cisco shares down 5.1%.
“We definitely saw significant impact on our business in China as it relates to what's going on with the trade war right now."
“We’re seeing the returns on the investments we are making in innovation and driving the shift to more software and subscriptions," CFO Kelly Kramer says.
“We are seeing the benefits of the strategy we started executing on 10 quarters ago,” CFO Kelly Kramer says.
The company's shares rise nearly 6% as it predicts revenue will rise 1% to 3% in the next quarter.
A 17% gain in revenue from the security business helped offset weak demand for Cisco's network and routing systems in the third quarter.
