Networking giant Cisco has recorded a 7.2 per cent rise in profits, according to media reports.
The company's quarterly increase has been put down to the fact that network equipment demand was steady in the face of the slowing US economy.
Cisco shares also went up 1.2 per cent, website zdnet.com reports.
Scott Neuendorff, research analyst with Hester Capital Management, told the site: "One of the key issues last quarter was weakness in US and UK enterprise, so it's important to look for continued trends in that area, as well as what they say about the economy."
The company also reported profits of $2.1 billion for the last quarter, which was up from $1.9 billion on the previous year.
Eric Marshall, a portfolio manager at Hodges Funds, said that the company's 16.5 per cent sales growth was very encouraging.
He added: "I think our long-term thesis for Cisco as a global-growth story is well under way."
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Last Updated: 07/02/2008 18:00
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