The Zhitong Finance App learned that network equipment giant Cisco (CSCO.US) announced financial results for the first quarter of fiscal year 2027 after the market on November 12 EST. Both revenue and profit exceeded expectations, and raised full-year guidance. Revenue for the quarter was $18.52 billion, up 24% year over year, the strongest revenue growth rate for Cisco in nearly 15 years, and also significantly higher than LSEG's agreed forecast of $181 billion; GAAP net profit of $4.6 billion, up 59% year over year, diluted earnings of $1.14 per share; and adjusted earnings per share of $1.40, up 40% year over year, higher than the market's agreed forecast of $1.33. This is the sixth consecutive quarter that Cisco's earnings have exceeded expectations.

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