The Cisco action is recording a rise in profits

Cisco Systems Inc.

CSCO, -1.75%

Shares rose on Wednesday during the prolonged session after the network giant surpassed Wall Street's estimates for the quarter. Cisco shares rose 1.3% after normal hours, following a 1.8% decline to close the regular session at $ 44.33. The company reported net income for the first fiscal quarter of $ 3.55 billion, or 77 cents a share, compared with $ 2.39 billion, or 48 cents a share, over the same period last year. ;Previous exercice. The adjusted profit was 75 cents per share. Revenues reached $ 13.07 billion, compared to $ 12.14 billion in the same quarter of the previous year. Analysts surveyed by FactSet were expecting earnings per share of 72 cents per share for a turnover of $ 12.86 billion. For the second quarter, Cisco forecasts adjusted earnings of between 71 and 73 cents per share and revenue growth of 5% to 7% over the previous year, or $ 12.48 billion at 12.72. billion dollars, compared with 72 cents per share for a turnover of 12.54 billion dollars. Cisco said its outlook includes the divestment of its service provider video software solution unit, which may not have been factored into some analysts' estimates.

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