Cisco Systems Inc. Reveals 7% Gain In Q1 Profit

(RTTNews) - Cisco Systems Inc. (CSCO) reported a profit for its first quarter that increased compared to the same period last year.

The company said its bottom line rose to $3.0 billion, or $0.59 per share. This was higher than $2.8 billion, or $0.54 per share, in last year's first quarter.

Analysts had expected the company to earn $0.56 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 4.1% to $12.7 billion. This was up from $12.2 billion last year.

Cisco Systems Inc. earnings at a glance:

-Earnings (Q1): $3.0 Bln. vs. $2.8 Bln. last year. -Earnings Growth (Y-o-Y): 7.1% -EPS (Q1): $0.59 vs. $0.54 last year. -EPS Growth (Y-o-Y): 9.3% -Analysts Estimate: $0.56 -Revenue (Q1): $12.7 Bln vs. $12.2 Bln last year. -Revenue Change (Y-o-Y): 4.1%

-Guidance: Next quarter EPS guidance: $0.53 - $0.55