Cisco reports 18% higher earnings on stronger sales

SAN FRANCISCO (MarketWatch)
Cisco Systems on Tuesday reported a fiscal first-quarter profit of $2.09 billion, or 39 cents a share, compared with a profit of $1.78 billion, or 33 cents a share, for the year-earlier period
Revenue was $11.88 billion, up from $11.26 billion
Adjusted profit was 48 cents a share
Analysts were expecting Cisco to report a profit of 46 cents a share, on revenue of $11.78 billion, according to a consensus survey by FactSet