Cisco has reported a five percent increase in quarterly sales, with profits jumping 44 percent year-on-year, to $3.1bn.
Sales for the three months ending 26 January 2013 were $12.1bn, compared to $11.5 in the year-ago quarter.
“We are making solid progress towards our goal of becoming the number one IT company in the world,” claimed John Chambers, Cisco chief executive.
“As new markets grow and are created, such as the 'internet of everything', it's very easy to see how the intelligent network is at the centre of that future,” he added.
But while Cisco's jump in profits for the quarter will no doubt be welcome, the slight increase in sales underscores the challenges it faces as it attempts to reposition itself in the market.
For while revenues were up, a significant proportion of that growth has come from acquisitions.
Cisco had been on a shopping spree in 2012, including shelling out $5bn on video firm NDS, and $271m on optical networking firm Lightwire.
Other deals announced later in 2012, such as the $1.2bn deal for cloud firm Meraki, will not have been included in Cisco's latest results.
Meanwhile, the jump in profits – from $2.2bn in the 2012 quarter to $3.1bn in the 2013 quarter was skewed by a settlement reached with the US Internal Revenue Service, which enabled Cisco to book a $794 million tax benefit in the quarter.
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