Analysts had expected Cisco Systems (NASDAQ: CSCO) to post earnings of 51 cents per share on $ 11.8 billion in revenue, according to a consensus estimate from Thomson Reuters.
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Track Cisco shares after the announcement. (NASDAQ: CSCO)
Cisco shares have climbed about 20 percent in the last year, slightly outpacing a roughly 15 percent gain for the wider Nasdaq (NASDAQ: .IXIC). The network services company has faced its share of challenges in that span, though.
It has looked to overcome pressures on emerging market growth from factors like oil prices and currency fluctuations.
Cisco’s profitability has fallen in five straight quarters and sales have been sluggish, CNBC reported in December. Wall Street expects about 3 percent revenue growth for the company’s fiscal 2015.
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The company has recently puts its weight behind the “Internet of Things” sphere. It unveiled two new networking products designed to help businesses adopt Internet of Things applications.
Last month, it also added Internet of Things start-ups to its in-house entrepreneurship program.
– CNBC’s Ari Levy contributed to this report.