Cisco quarterly revenue rises 4.4 percent

16 May, 2018

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(Reuters) – Network gear maker Cisco Systems Inc (CSCO.O) reported a 4.4 percent rise in quarterly revenue on Wednesday, its second straight quarterly rise, driven by strong growth in its newer businesses such as cyber security.

FILE PHOTO: A logo of Cisco is seen during the Mobile World Congress in Barcelona, Spain February 27, 2018. REUTERS/Yves Herman/File Photo

The company’s net income rose to $2.69 billion, or 56 cents per share, in the third quarter ended April 28, from $2.52 billion, or 50 cents per share, a year earlier.

Total revenue rose to $12.46 billion from $11.94 billion.

Reporting by Laharee Chatterjee in Bengaluru; Editing by Sriraj Kalluvila

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