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Cisco (CSCO) CEO Robbins Discussed Q4 Earnings Beat and Layoffs on CNBC

NEW YORK (TheStreet) --Cisco Systems (CSCO) reported better-than-anticipated 2016 fiscal fourth quarter earnings after the close on Wednesday. The technology titan posted earnings of 63 cents per share on revenue of $12.64 billion, topping analyst expectations of 60 cents per share on revenue of $12.57 billion. The company also announced that it will be cutting up to 5,500 jobs, or up to 7% of its workforce.

Cisco CEO Chuck Robbins joined...