Chief executive John Chambers’ plan to boost profit at Cisco included eliminating jobs, trimming operating expenses, and revamping the management structure.
(Tony Avelar/Bloomberg News/File 2011)
MARKET MOVERS CHARTS ARE SCALED SO PERCENTAGE CHANGE IS COMPARABLE
Cisco CEO’s turnaround taking hold
Chief executive John Chambers’ plan to boost profit at Cisco included eliminating jobs, trimming operating expenses, and revamping the management structure.
(Tony Avelar/Bloomberg News/File 2011)
Cisco Systems Inc., the world’s largest maker of networking equipment, rose the most in three months on progress tied to chief executive John Chambers’ turnaround plan. Profit climbed to 43 cents a share in the first quarter, the company said. Analysts predicted 39 cents, on average. Chambers is boosting profit at Cisco by eliminating jobs, trimming operating expenses, and revamping the management structure.
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