Investors were cheered by Cisco Systems' (NASDAQ:CSCO) second-quarter results and its guidance, as the stock rose in after-hours trading.
Shares of Cisco gained 3.8% postmarket.
The company reported earnings per share of $0.73 on revenue of $12.45 billion. Analysts polled by expected EPS of $0.72 on revenue of $12.41 billon.
That compared to EPS of $0.63 on revenue of $11.89 billion in the same period a year earlier.
Looking ahead, Cisco predicts fiscal third-quarter adjusted earnings per share of $0.76 to $0.78, in line with analysts' forecasts, according to Briefing.com. It sees revenue for the quarter growing 4% to 6% year over year.
Revenue in its application software business rose 24 percent to $1.47 billion, beating estimates of $1.35 billion.
Sales in its security business, which offers firewall protection and breach detection systems, rose 18 percent to $658 million, above estimates of $628.9 million.
Sales in its infrastructure platform business, which includes the company's traditional business of supplying switches and routers, rose 6 percent to $7.13 billion. Analysts had expected revenue of $7.05 billion, according to Refinitiv.
-- Reuters contributed to this report.
