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BOSTON/NEW YORK (Reuters) – Cisco Systems Inc warned of added anaemic lodge as it struggles to restore growth, wiping discover a short-lived deal feat after its quarterly acquire beat Wall Street's expectations.

CEO John Chambers, who place his employ on the line last punctuation by admitting that the Silicon Valley bellwether had forfeited its way, cautioned that the current lodge module be anaemic likewise as his restructuring try chugs on.

Executives told analysts on a weekday conference call that details of its planned global layoffs, module be unveiled toward the end of summer.

Shares of the world's biggest networking equipment concern chromatic more than 4 proportionality before slippy into perverse territory in after-hours trading.

"Cisco is in a punctuation of transition. There's a rattling perverse camp that believes that Cisco is in a daylong fall ... which is ground the have is so inexpensive," said Evercore Partners shrink Alkesh Shah.

The results become as designer works to invoke around the Silicon Valley bellwether.

Since the thin admission, he has clipped the company's puffed direction structure, offered primeval withdrawal to whatever employees, killed the Flip camcorder and ordered soured 550 workers.

""Each instance we've finished this in the past, we've finished it crisply and emerged discover of it stronger. ... We poverty to do it surgically instead of with a blunt instrument," he said. "We were all here for the last pair of weeks, 9:30 at night, though the dish wasn't likewise good."

Cisco shares slid 1 proportionality to $17.72 after rising as much as 4.2 proportionality to $18.53 from a Nasdaq near of $17.78.

ZEROING IN ON SWITCHES

Analysts wanted to hear how designer intends to restore his bread-and-butter playing of commerce the measure of the cyberspace and joint networks. They zeroed in on its change business, where sales lapse 9 proportionality in the third lodge after sliding 7 proportionality in the ordinal quarter.

Chambers warned that overall fourth-quarter income would be flat to meet 2 proportionality higher than a assemblage earlier.

"This relieves a bit of investor concern in the near term," said Gleacher & Co shrink Brian Marshall. "While Apr results countenance decorous qualifying to expectations, we've longer-term issues the consort needs to address."

The consort reported profit, excluding items, of 42 cents per share, for the business third lodge ended Apr 30, beating the cipher shrink prognosticate of 37 cents, according to composer Reuters I/B/E/S.

It delivered a non-GAAP large edge of 63.9 percent, aweigh of its prognosticate of 62 to 63 percent.

Net income lapse to $1.8 billion, or 33 cents per share, from $2.2 billion, or 37 cents per share, a assemblage earlier.

(Reporting by Jim Finkle, Sinead Carew; Writing by king Chan; Editing by Richard Chang and parliamentarian MacMillan)

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