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Last updated: August 14. 2013 4:40PM - 629 Views
Associated Press



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(AP) Cisco grew its earnings and revenue in the latest quarter as demand for its computer networking equipment grew.


Cisco Systems Inc. earned $2.23 billion, or 42 cents per share, in the three months that ended on July 27. That's up from $1.92 billion, or 36 cents per share, a year earlier.


Adjusted earnings were 52 cents per share in the latest quarter, squeaking past Wall Street's expectations by a penny.


Revenue rose 6 percent to $12.42 billion from $11.69 billion.


FactSet says analysts expected revenue of $12.41 billion.


Cisco's performance is widely regarded as a bellwether for the technology industry. That's because the San Jose, California, company cuts a broad swath, selling routers, switches, software and services to corporate customers and government agencies.


Associated Press
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