The world’s largest maker of equipment that directs Internet traffic reported a profit of $1.1 billion during the three months to 25 October, up from $618 million in the same period last year. Revenue was up 5.3% on last year to $5.1 billion.
Profits per share were $0.15, but excluding a one-off charge profits rose to $0.17 a share – ahead of expectations.
News of the better-then-expected performance pushed Cisco’s shares up 5% in after-hours trading.
The company makes routers, switches and other data networking products used to direct traffic through the Internet. Its customers include corporations, educational institutions, and governments.
