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