We are very happy to be reporting that our pro-forma earnings passed the $1 billion mark for the first time,

We are very happy to be reporting that our pro-forma earnings passed the $1 billion mark for the first time.

We're pleased with the solid revenue and earnings per share results Cisco delivered during its second quarter, but also especially pleased with our strong order momentum. This proves our strategy is working in terms of the convergence of voice, video and data along with our balanced approach to our customer segments, core and advanced technologies, business and technology architecture and key geographic theaters.

We've been very happy with Studio Pro. It's definitely sped up development.

The first quarter should mark the trough in earnings, but judging by the market's negative reaction to recent warnings from the likes of IBM, there's little room for disappointment.

The market's at the top of a range here. The earnings reporting period basically ended with Dell and now the market is waiting for a new catalyst.