Cisco Systems on Wednesday posted better-than-expected quarterly earnings and gave positive guidance for its next quarter, boosted by growth in Asia.
The networking company reported adjusted earnings of 57 cents per share on $12 billion in revenue for its fiscal 2016 third quarter. Profit per share rose 6 percent year over year, while total sales slid 1 percent from $12.14 billion in the same period.
Analysts expected Cisco Systems to post earnings of 55 cents per share on $11.97 billion in revenue.
"We delivered a strong Q3, executing well despite the challenging environment," said Cisco CEO Chuck Robbins in a statement.
Shares rose about 5 percent in after-hours trading.