Cisco’s Shares Climb Thanks to Jump in Security Business Sales

Sales from its security business rose 17% in the quarter ending April 30.

Cisco Systems Inc. reported better-than-expected results in the quarter thanks in large part to a big jump in sales from its security business.

The company’s shares are up 7% in extended trading, according to Reuters. Security sales jumped 17% in the quarter ending April 30. Cisco’s security business offers firewall protection along with intrusion detection and prevention systems.

“Security is and will remain one of our absolute highest priorities,” said Cisco Chief Executive Chuck Robbins on Wednesday.

Cisco’s net profit dropped to $2.3 billion in the quarter from $2.4 billion last year. Revenue also fell from $12.1 billion to $12 billion.

The company’s legacy switches and routers still represents the largest aspect of its business at 60%, however switching sales fell 3% and router sales dipped 5%, according to the report.

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