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Cisco Earnings Edge Through Estimates While Revenue Outlook Tops Expectations



Cisco Systems (CSCO) revenue and revenue for its quarterly tax calculations. The Cisco earnings news sent shares in the giant data network giant into extended trading late Wednesday.




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The company's fiscal fourth-quarter earnings management followed expectations while revenues exceeded Wall Street goals.

Cisco's adjusted result was 78 cents per share, an increase of 18% over a year ago, with an increase of 6% to $ 13 billion. A year earlier, Cisco achieved 66 cents on sales of $ 12.46 billion.

Analysts expected the Cisco result at 77 cents on a $ 12.89 billion sale for the period ending April 30.

Cisco Revenue Outlook top view

for the July quarter, Cisco forecast adjusted profit of 81 cents, in line with estimates. It forecasts a revenue growth of 5.5% compared to analysts' estimates of 3.5%.

The Cisco share rose 2.8% to 53.86 in the stock market today.

Cisco has moved away from its core business of selling network switches and routers. With acquisitions, Cisco has aimed to increase revenues from programs and services.

For the third quarter, analysts expect sales of new Catalyst 9000 network switches to become a bright spot.

Follow Reinhardt Krause on Twitter @reinhardtk_tech .

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