So it appears enterprise IT spending is pretty healthy despite the challenges of some of Cisco's peers. Cisco itself doesn't appear to see any downturn, given the impressive results in its fiscal fourth quarter.
Cisco beat Wall Street expectations and its own guidance for the fourth quarter, noting that orders grew 15% in enterprise, 16% in the commercial market, and 19% in service provider. Like its peers though, Cisco saw a falloff in public sector orders: down 4% overall, but down 18% in the US federal government theater.
Spending in enterprise IT overall appears to be robust, even though Cisco rivals Juniper and Brocade ran into some "air pockets" with firewall and SAN sales, respectively. Brocade also indicated that lower IT spending, as well as the malaise in the public sector market, is dampening, although slightly, third quarter expectations for Ethernet/IP switch sales.