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(Reuters) – Cisco Systems Inc beat quarterly revenue estimates on Tuesday, thanks to strong demand for its networking and teleconferencing tools due to the pandemic-induced increase in remote working.
The company’s revenue fell slightly to $ 11.96 billion in the second quarter ended Jan. 23, from $ 12.01 billion a year earlier. Analysts on average expected a figure of $ 11.92 billion, according to IBES data from Refinitiv.
Report by Munsif Vengattil in Bengaluru; Editing by Aditya Soni
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