Cisco Tops Revenue Estimates As Newer Bets Pay Off


– Cisco Systems Inc (CSCO.O) reported quarterly revenue above Wall Street estimates on Wednesday, driven by growth in the network gear maker’s newer businesses such as cyber security.

The company’s shares rose 2.2 percent to $44.85 after the bell.

Revenue from its security business, which offers firewall protection and breach detection systems, rose 12 percent to $627 million. Eight analysts polled by Thomson Reuters I/B/E/S had expected revenue of $615.8 million.

Leave a Reply

Your email address will not be published. Required fields are marked *