Cisco shares rose as much as 5% in extended trading on Wednesday after the enterprise software and hardware maker disclosed fiscal second-quarter earnings that surpassed analysts’ expectations.
Here’s how the company did:
- Earnings: 84 cents per share, adjusted, vs. 81 cents per share as expected by analysts, according to Refinitiv.
- Revenue: $12.70 billion, vs. $12.65 billion as expected by analysts, according to Refinitiv.
Revenue increased by 6% year over year in the quarter, which ended Jan. 29, according to a statement. In the previous quarter revenue had risen 8%.
“There are still significant constraints with semiconductors, preventing us from completing manufacturing of some of our…