RTTNews | Nov 17, 2021 04:09PM EST

16:09 Wednesday, November 17, 2021 (RTTNews.com) - Cisco Systems Inc. (CSCO) announced a profit for its first quarter that climbed from last year.

The company's bottom line totaled $2.98 billion, or $0.70 per share. This compares with $2.17 billion, or $0.51 per share, in last year's first quarter.

Excluding items, Cisco Systems Inc. reported adjusted earnings of $3.48 billion or $0.82 per share for the period.

Analysts had expected the company to earn $0.80 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 8.1% to $12.90 billion from $11.93 billion last year.

Cisco Systems Inc. earnings at a glance:

-Earnings (Q1): $3.48 Bln. vs. $3.21 Bln. last year.-EPS (Q1): $0.82 vs. $0.76 last year.-Analysts Estimate: $0.80-Revenue (Q1): $12.90 Bln vs. $11.93 Bln last year.

-Guidance:Next quarter EPS guidance: $0.80 - $0.82Full year EPS guidance: $3.38 - $3.45

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