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CORRECTED: Cisco quarterly revenue beats estimates

Reuters 

(Reuters) - Inc reported second-quarter revenue that beat Wall Street estimates on Wednesday, as the benefited from its shift to newer businesses such as and cyber security.

The company reported net income of $2.8 billion, or 63 cents per share, in its quarter ended Jan. 26, compared with a loss of $8.78 billion, or $1.78 per share, a year earlier, when it took a charge of $11.1 billion related to the new U.S. tax laws.

Total revenue rose 4.7 percent to $12.45 billion. Analysts on average had expected revenue of $12.41 billion, according to IBES data from Refinitiv.

(Reporting by in Bengaluru; Editing by Anil D'Silva)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, February 14 2019. 03:02 IST
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