Cisco beats second-quarter expectations

Cisco Systems has reported higher-than-expected profits and sales for its fiscal second quarter, suggesting the networking giant may be rebounding from the economic downturn.

For the three months ended January 26, Cisco earned $660m, or 9 cents a share, on revenue of $4.8bn, compared with earnings of $874m or 12 cents a share, in the same period a year ago.