February 7, 2008 / 3:42 PM / 12 years ago

CORRECTED-Cisco posts higher quarterly profit

(Corrects quarter-end date to Jan. 26, not Jan. 25)

NEW YORK, Feb 6 (Reuters) - Cisco Systems (CSCO.O) posted a higher quarterly profit on Wednesday, helped by demand for its network equipment from telephone companies despite concerns a slowing U.S. economy would hurt corporate technology spending.

Cisco, which makes routers, or switches that direct traffic on data networks, said its profit for the second quarter ended Jan. 26, was $2.1 billion, or 33 cents per share, compared with $1.9 billion, or 31 cents a share, in the year-ago quarter.

Revenue rose to $9.8 billion from $8.4 billion.

Cisco shares have fallen about 28 percent since Chief Executive John Chambers said in November that the company was seeing dramatic decreases in orders from U.S. banks. (Reporting by Sinead Carew, editing by Richard Chang)

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