Shares of Cisco (CSCO) rose more than 7% in after hours trading on Tuesday. The worldwide leader in networks and networking methods reported its first quarter results for its fiscal 2013.
First Quarter Results
Cisco reported first quarter revenues of $11.88 billion, up 5.5% on the year before. Revenues beat analysts consensus of $11.80 billion.
The company reported a net income of $2.09 billion, up 17.7% on the year. Diluted earnings per share rose a similar 18.2% to $0.39.
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