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Edition: U.S. Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read Two Swedes jailed for life for Philippine Internet porn 9:04am EDT Woody Allen film charms Cannes, Lady Gaga surprises | 2:35pm EDT Rajaratnam guilty on all insider trading counts | 4:44pm EDT Earthquake fever hits Rome as some fear "the big one" 11:51am EDT Gasoline slump drags oil prices to second big drop 4:25pm EDT Discussed 148 Obama at U.S. base to pay tribute to bin Laden mission 127 Boehner demands trillion-dollar cuts in debt deal 106 Son says bin Laden sea burial demeans family: report Watched Exquisite chocolate source rediscovered through DNA testing Tue, May 10 2011 Jetman rockets across Grand Canyon 4:16pm EDT U.S. and China find common ground on currency Tue, May 10 2011 Cisco results beats Street view, shares rise Tweet Share this BOSTON (Reuters) - Cisco Systems Inc, the world's biggest networking equipment maker, reported quarterly earnings above Wall Street projections as profit margins beat its own expectations. Cisco shares rose more than 4 percent in extended... Email Print Related News Instant view: Cisco beats Street target, shares firm 4:44pm EDT Analysis & Opinion A very uneven recovery PeopleDeals offers its spin on group buying Related Topics Technology » Stocks A pedestrian walks past the Cisco logo at the technology company's campus in San Jose, California February 3, 2010. Credit: Reuters/Robert Galbraith BOSTON | Wed May 11, 2011 4:44pm EDT BOSTON (Reuters) - Cisco Systems Inc, the world's biggest networking equipment maker, reported quarterly earnings above Wall Street projections as profit margins beat its own expectations. Cisco shares rose more than 4 percent in extended trading. The results came as Chief Executive John Chambers is working to turn around the Silicon Valley bellwether which he conceded last month has lost its way in recent years during an expansive diversification campaign. "This relieves a bit of investor concern in the near term," said Gleacher & Co analyst Brian Marshall. "While April results look decent relative to expectations we've longer term issues the company needs to address." The company on Wednesday reported profit, excluding items, of 42 cents per share, for the fiscal third quarter ended April 30, beating the average analyst forecast of 37 cents, according to Thomson Reuters I/B/E/S. It delivered a non-GAAP gross margin of 63.9 percent, ahead of its own forecast of 62 to 63 percent. Net income fell to $1.8 billion, or 33 cents per share, from $2.2 billion, or 37 cents per share, a year earlier. Cisco shares rose 4.2 percent to $18.53 from their Nasdaq close of $17.78. (Reporting by Jim Finkle; Editing by Richard Chang) Technology Tweet this Share this Link this Digg this Email Reprints We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Super Lawyers Attorney Rating Service Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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