The service provider part of Cisco’s business was a rare black spot in its third fiscal quarter of 2018, falling 4% year-on-year, while the enterprise division was up 11%. CFO Kelly Kramer said the company was not expecting any growth in the service provider revenues in the near term. But in other respects, Cisco is recovering from two years of poor results, with its second consecutive quarter of rising revenues. Its total sales were up 4% year-on-year to $12.5bn revenue, as it made progress with its long and painful transition to a software-led model. Recurring revenue, reflecting the increasing emphasis on software subscriptions as opposed to upfront fees or hardware, accounted for 32% of total revenues, up two percentage points…