Cisco Systems on Wednesday reported quarterly earnings and revenue that beat Wall Street expectations on strong demand for switching equipment and routers.
The network technology company posted earnings of 53 cents a share for its fiscal second quarter, up from 47 cents per share a year earlier. Revenue rose to $11.94 billion from $11.16 billion, a 7 percent increase.
Cisco shares were up nearly 5 percent in extended trading.
"In the quarter we grew revenues by 7 percent, with strong EPS growth, and saw the best balance of growth across all our geographies, products and segments," said John Chambers, Cisco chairman and CEO.