By Marina Lopes NEW YORK (Reuters) – Network equipment maker Cisco Systems Inc posted a shallower-than-expected 5.5 percent drop in quarterly revenue, as recovering demand in regions like the United States and Northern Europe helped offset sluggish sales in emerging markets. The company posted gross margins of 62.7 percent in its fiscal third quarter, up from 53.3. Ciscos key server business has grappled with competition from so-called software-defined networks (SDN) , which offer software that can run on cheap hardware. \It is about as solid of a quarter as you can expect,\ said analyst Zeus Kerravalla at ZK research.
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