Networking giant Cisco beats expectations

Published:

Networking giant Cisco beats expectations
Photo: Joan Mateu Parra/AP/TT

Networking giant Cisco reported slightly better-than-expected profit and revenue in its quarterly report on Wednesday.

Earnings per share were $1, compared to the 98 cents that analysts expected on average.

Revenue came in at $14.88 billion, compared to the expected $14.77 billion.

Sales increased by 8 percent compared to the corresponding period last year.

This is the fourth consecutive quarter of growth for Cisco, following four consecutive quarters of decline as the company struggled with economic uncertainty and delayed government orders.

Just over half an hour after the report was released, Cisco's stock had risen about 6 percent in after-hours trading on the New York Stock Exchange.

Loading related articles...

Tags

Author

TTT
By TTEnglish edition by Sweden Herald, adapted for our readers

More news

Loading related posts...