Quarterly Cisco benefits up 3% to 2,394 million dollars

The technology company Cisco announced today that in the first quarter of its fiscal year of 2017 its net profits reached 2.394 billion dollars, 3% more than in the same period last year.

The company, based in San José (California), indicated that in the period that closed last October, earnings per share was 48 cents, compared to 46 cents in the first quarter of fiscal 2017.

Quarterly revenues were reduced 2% and reached 12,136 million dollars, said the firm, one of the leading manufacturers of computer network equipment.

Analysts had calculated that Cisco would have a 60-cent profit per share and that revenues would reach $ 12,110 million.

Excluding extraordinary operations, Cisco had a quarterly profit per share of 61 cents, same as in the same period of the first quarter of fiscal year 2017.

The data was disseminated at the close of Wall Street, but in later electronic transactions, the Cisco securities were rising by around 4%.

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