"I'd say that Cisco's investments during the downturn are going to pay off very nicely given their geographic reach, and the results today show the beginning of that effect," he said.
Analysts who follow Cisco anticipated the company earning 35 cents a share on sales of $9.409 billion on average, according to a consensus estimate compiled by Thomson Reuters.
"...We believe [the results] provide a clear indication that we are entering the second phase of the economic recovery," CEO John Chambers said in a statement.
Shares of Cisco rose about 4 percent in extended trading Wednesday.Click here for after-hour Cisco stock quotes.
The stock finished the regular Nasdaq session less than 1 percent higher at $23.07.
The results come a year after Chambers gave a weaker-than-expected revenue forecast and announced job cuts, stoking fears of a 2001-style freeze in technology spending.
Yet, results over the past year have shown cutbacs were not so drastic as companies were not as over-invested in network equipment as they were a decade ago.
While phone service providers and large corporations did indeed trim spending in 2009, many have recently resumed spending as the popularity of smartphones like Apple Inc's iPhone and increasing use of online video continue driving Internet traffic.
Cisco is one of the first major technology companies to report results that include much of January 2010. Its performance and outlook are often an early indicator for the rest of the technology sector, especially in enterprise spending.