Cisco Systems, the network equipment maker, reported higher-than-expected quarterly revenue and profit, highlighting a strong recovery in demand for its switching equipment and routers.
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Cisco’s net income rose to $2.32 billion, or 45 cents a share, from $2.25 billion, or 43 cents a share, in the year-ago quarter. Revenue rose nearly 4 percent, to $12.84 billion. Cisco’s shares rose nearly 3 percent in extended trading on Wednesday. Up to Wednesday’s close of $27.90, shares had fallen nearly 5 percent since the company last reported results.
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