Cisco reported its second-quarter results after market close on Wednesday, beating Wall Street's top and bottom line forecasts. The company's CFO Frank Calderoni talks TheStreet's James Rogers through Cisco's numbers, explaining that the company's guidance should be viewed within the broader context of its recent results. The networking giant, he says, is taking things one quarter at a time, working through the transitions and challenges it laid out when it reported first-quarter results three months ago.

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