Cisco just dropped its latest earnings report—and investors are loving it. The company blew past expectations for both profit and sales in its fiscal first quarter, sparking a more than 7% jump in the stock after Wednesday’s closing bell.
So, how did the numbers stack up? Here’s the breakdown compared to Wall Street’s predictions:
Sales climbed 8% compared to the same period last year, while net profit also inched higher. This isn’t just a one-off: it’s the fourth quarter in a row that Cisco has posted growth, finally breaking a rough streak of declines tied to economic headwinds and slower government spending.
The real standout? Its traditional networking business. Revenue there surged 15% to $7.77 billion—way ahead of what…






