Shares have been up greater than 6% in aftermarket buying and selling. 

Chief Monetary Officer

Scott Herren

attributed the elevated full-year outlook to Cisco’s rising recurring income base and remaining efficiency obligations, backlog and steps taken to enhance its provide. 

The networking-equipment firm’s outcomes distinction with these of different tech corporations which have reported slower development as clients lengthen deal cycles and tighten their budgets in response to financial uncertainty. Corporations throughout most sectors, however notably these in expertise, have reduce jobs because of this. 

Tech corporations that soared through the Covid-19 pandemic have signaled that such development is likely to be behind them.

Microsoft Corp.

final month posted its slowest quarterly gross sales development in additional than six years, whereas

Salesforce Inc.

and different cloud-services corporations have warned of sputtering gross sales.

Cisco posted web revenue of $2.77 billion, or 67 cents a share, for the second quarter ended Jan. 28, down from $2.97 billion, or 71 cents a share, a 12 months earlier. Adjusted earnings have been 88 cents a share, above analysts’ estimates of 85 cents. 

Income elevated 7% to $13.59 billion. Cisco in November forecast between 4.5% and 6.5% development for the second quarter. Analysts polled by FactSet anticipated $13.42 billion. 

For the present fiscal 12 months, Cisco now expects income to rise between 9% and 10.5% year-over-year. It additionally expects adjusted earnings between $3.73 and $3.78 a share. The corporate’s outlook is up from its earlier steering of income development between 4.5% and 6.5% and adjusted earnings between $3.51 and $3.58 a share. 

For the present quarter, Cisco forecast income development between 11% and 13% year-over-year and adjusted per-share earnings between 96 cents and 98 cents a share. Analysts have been searching for income to rise 5.8% and earnings of 79 cents a share.

Write to Denny Jacob at denny.jacob@wsj.com