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At the moment as I mentioned just a few minutes ago Cisco.
Have to talk about this because it is affecting a lot of other stocks out there today shares of Cisco on a terror today up 13%.
But it's up more than double digits for the year after beating estimates for the third quarter joining me now the chairman and CEO of Cisco John Chambers the job done.
I used to work at a distance network where they would yell at us if we congratulated CEOs but that's not Fox Business Fox Business says when a company does well let's say congratulations to the CEO so.
There you are let's get to it your stock is really reacted to yunis in the markets are welcome it if it comes the big question.
What did it this time around especially when everybody thought that your government contract business would slow down.
It may have but it was replaced with some very strong metrics elsewhere.
Well -- I think you said it very well and hear your comments just before a year break.
Where you basically pointed out sister who's been very successful in the long term track record we've had.
Quarters and never -- -- record detonators.
And six quarters never know where our earnings.
-- greater earnings per share in the revenues themselves.
-- to your question -- what did it we were very strong in the US.
The US business was very good in enterprise growing 10% very good and commercial growing 13%.
Servers are Brothers -- -- percent public sector grew 5%.
The other -- card that was the emerging markets they grew 13% on a global basis and good balance and that's sad.
And where a couple of hot.
Tech areas areas like the cloud areas like mobile areas like video but it speaks to Cisco becoming an act Evander more than just a networking business.
So glad you brought up video you're video business -- was very surprisingly strong to -- your video revenues up 30%.
You made more than a year ago an acquisition you and I've talked about it and DS but as I look -- overall.
At this is a question that relates to many different companies.
-- -- is sucking up what video site is it Netflix is a cool little war is it YouTube what's sucking up all the bandwidth on the Internet right now on what consists got due to grab the business that.
Makes those pipes flow more smoothly.
Well this you said it K and the way did you summarized it.
What is second up is video and video to every Smart device is going to be to communication of the future.
That is making the video really easy to use both from a business perspective and from an entertainment perspective -- -- that the centerpiece of both of that -- The acquisition we did it's -- video into the cloud and it's very profitable -- and you do better than 30% in the current quarter next time around for an increase in -- in your video business.
I'm not sure about 30% next time around but what I think we can do is better balance on a global basis.
Better results perhaps in Europe.
And we are -- signs that your may be leveling out and with the exception to Southern Europe we're actually starting to see signs of growth.
Asia Pacific is still very mixed but we did well in India and I think our major.
Opportunity still remains an emerging markets they're going very well force -- You might do even better in India they're complaining about your competitor while Wei the Chinese company and now with all the Chinese hacking that -- I'm wondering if you're getting more business.
Because of the fear that if people install -- Chinese companies.
Pipes and routers and networking equipment that it might -- -- secures once the Cisco offers.
Again you're very -- your comments what we are seeing is we're beating our competitors small and large competitors.
And we're doing that on a global basis pretty effectively so.
We're breaking away from our traditional networking players players like HP there were very tough on -- a year ago were blown away from them.
The juniper is -- world except turn it speaks to the value of an architectural approach in solving our customers tough business problems.
We're trying to become the number one player not -- and and we're you've made a good step forward this.
What does nothing here trying to take on.
IBM in -- on the cool cool are you looking at in private meetings.
Pushing here to tell us what happens in private meetings -- Cisco but.
When you consider how to -- we've got to get them in search company here I'm thinking IBM if you're going -- Well Gartner group basically would mention six players IBM Microsoft HP.
Or call SAT in Cisco.
And I think we're well positioned to both work with those players but also to move past them.
We're in the exciting part of the market we're in big data.
We're in video we're immobility.
We're in the Internet of everything which will be at a major frontier in the future so I like our prospects going forward and we're gonna be very aggressive vs our competitors.
I'd be remiss if I didn't ask you because of the fact that we are Chiron and you that the work -- means without that's your title chairman and CEO this situation with Jamie Dimon of JPMorgan.
From coming to a head next week but it has anybody ever try and -- you of your chairmanship title -- them.
Well who I started off just -- CEO and after several years.
Became the chairman and the next CEO at Cisco what I have to do the same thing I'll be chairman when every care from this position.
And -- -- after and the chairman's title.
Is will now in terms of Jamie -- he's one of the best in the industry.
I always think about a person terms of their skill sets how they handle adversity and would you ever want to compete against the I think Jamie is the best in the finance industry and -- I would be very focused on keeping aim at that company -- -- the shareholders which.
On chambers say -- -- to be mean she knew at some point but these numbers are very strong so I can't this time apps are expected thank you so my feeling is only got to make sure you -- next time around there you go we'll make it make it eleven quarters and around John Chambers Cisco chairman and CEO joining us.
From California thank you closing bell ring.
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