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.

More from Video

Listen: Will Smart Technologies Woo Millennials Back to Motorcycle Riding?

Listen: Will Smart Technologies Woo Millennials Back to Motorcycle Riding?

Pegasystems Founder Explains Why He Has One of the Hottest Tech Stocks Around

Pegasystems Founder Explains Why He Has One of the Hottest Tech Stocks Around

Jim Cramer on U.S.-China Trade: The Media Has it Wrong

Jim Cramer on U.S.-China Trade: The Media Has it Wrong

Replay: Jim Cramer on Tariffs, the Market Rally, Caterpillar and Micron

Replay: Jim Cramer on Tariffs, the Market Rally, Caterpillar and Micron

Gold Is Plagued By Disinterest - U.K. Top Fund Manager

Gold Is Plagued By Disinterest - U.K. Top Fund Manager