Cisco (CSCO) earnings Q2 2022

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…