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Cisco benefit (NASDAQ:CSCO) were stronger than analysts claimed late Wednesday, sending CSCO shares after the bell.
The company said that for its first quarter of fiscal 2019, it had generated adjusted earnings of 75 cents per share, which excluded some items. Analysts asked the company to obtain an adjusted profit of 72 cents per share, according to data compiled by Refinitiv.
Cisco added that its revenue for the period was $ 13.07 billion, up 8% from the same quarter last year. Analysts surveyed by Refinitiv indicated in their consensus that they felt they were claiming a turnover of $ 12.87 billion.
The company's most important sector was its infrastructure platforms, which include hardware such as its data center network switches, generating $ 7.64 billion in revenue. Analysts predicted that Cisco would generate $ 7.4 billion in revenue in this segment.
Cisco added that its Applications business, which includes the company's collaboration tools and AppDynamics software, generated revenues of $ 1.42 billion. This figure was better than the $ 1.35 billion asked by analysts in their consensus estimate.
In addition, the Company's Security segment generated revenues of $ 651 million, also better than the $ 648 million requested by analysts. Cisco said it had acquired Duo Security for about $ 2.35 billion during the quarter.
CSCO shares fell about 1.8% during normal trading hours on Wednesday, but shares rose about 4.3% after the day's bell.
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