SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Cisco Systems Inc. (CSCO) on Wednesday reported fiscal first-quarter profit of $3.64 billion.
The San Jose, California-based company said it had profit of 89 cents per share. Earnings, adjusted for one-time gains and costs, were $1.11 per share.
The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.03 per share.
The seller of routers, switches, software and services posted revenue of $14.67 billion in the period, which also topped Street forecasts. Ten analysts surveyed by Zacks expected $14.61 billion.
For the current quarter ending in January, Cisco expects its per-share earnings to range from 82 cents to 84 cents.
The company said it expects revenue in the range of $12.6 billion to $12.8 billion for the fiscal second quarter.
Cisco expects full-year earnings in the range of $3.87 to $3.93 per share, with revenue ranging from $53.8 billion to $55 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CSCO at https://www.zacks.com/ap/CSCO