FILE PHOTO – A visitor uses a mobile phone in front of the Cisco booth at the Mobile World Congress in Barcelona, Spain, February 26, 2019. REUTERS/Rafael Marchante
February 12, 2020
(Reuters) – Cisco Systems Inc topped Wall Street estimates for quarterly revenue on Wednesday, as growth in its cyber-security business offset slowing demand for routers and switches.
Revenue fell 3.5% to $12 billion in the second quarter ended Jan. 25, but still beat analysts’ estimate of $11.98 billion, according to IBES data from Refinitiv.
Net income rose to $2.88 billion, or 68 cents per share, from $2.82 billion, or 63 cents per share, a year earlier.
(Reporting by Ayanti Bera in Bengaluru; Editing by Anil D’Silva)