Cisco Rises as Sales Top Estimates on Americas Growth
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Cisco Systems Inc. rose the most in six months after fiscal fourth-quarter revenue beat analysts’ estimates as the network-equipment maker relied on strong sales in the Americas and faster growth in servers for data centers.
Sales increased 3.9 percent to $12.8 billion in the quarter ended July 25, with profit before certain costs of 59 cents a share, Cisco said Wednesday in a statement. Analysts projected sales of $12.7 billion and profit of 56 cents, according to the average of estimates compiled by Bloomberg.