Cisco's total quarterly revenue rose to more than $13 billion, beating Wall Street predictions

Cisco Live/Business Insider

• Cisco Systems reported quarterly revenue above Wall Street estimates on Wednesday, lifted by growth across its traditional business of routers and switches. 

• The company also saw growth in its newer focus areas such as cyber security and software.

• Cisco's total revenue rose to $13.07 billion, ahead of analysts' prediction of $12.87 billion. 

Cisco Systems reported quarterly revenue above Wall Street estimates on Wednesday, lifted by growth across its traditional business of routers and switches, as well as in its newer focus areas such as cyber security and software.

The company's net income rose to $3.55 billion, or 77 cents per share, in its first quarter ended Oct. 27, from $2.39 billion, or 48 cents per share, a year earlier.

Total revenue rose to $13.07 billion from $12.14 billion.

Analysts on average had expected revenue of $12.87 billion, according to IBES data from Refinitiv.

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