Cisco's revenue falls less-than-expected, shares up

NEW YORK Wed May 14, 2014 5:25pm EDT

A Cisco office is pictured in San Diego, California November 12, 2012. REUTERS/Mike Blake

A Cisco office is pictured in San Diego, California November 12, 2012.

Credit: Reuters/Mike Blake

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NEW YORK (Reuters) - Network equipment maker Cisco Systems Inc posted a lower-than-expected 5.5 percent decline in quarterly revenue, and the company's shares gained in after-hours trading.

Cisco had a net profit of $2.2 billion in the third quarter, down from $2.5 billion in the year-ago quarter.

Cisco reported revenue of $11.5 billion, down from $12.2 billion a year earlier. Wall Street on average had expected $11.36 billion, according to Thomson Reuters I/B/E/S.

(This story corrects headline and first paragraph to say shares rose instead of fell)

(Reporting by Marina Lopes; Editing by Richard Chang)

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