May 16, 2013 – Cisco Systems, the biggest maker of networking equipment, reported fiscal third-quarter profit that topped estimates as corporate customers increased spending to meet surging demand for data delivery via the Web.
Profit excluding some items was 51 cents a share, while revenue rose 5.4 percent to $12.22 billion, the San Jose, California-based company said in a statement. Analysts on average had projected profit of 49 cents and sales of $12.17 billion, according to data compiled by Bloomberg.
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