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Cisco beats quarterly revenue estimates

Feb 9 (Reuters) - Cisco Systems Inc on Tuesday beat quarterly revenue estimates, helped by robust demand for its networking and teleconferencing tools due to the pandemic-induced rise in remote working.

The company’s revenue fell slightly to $11.96 billion in the second quarter ended Jan. 23, from $12.01 billion a year earlier. Analysts on average were expecting a figure of $11.92 billion, according to IBES data from Refinitiv. (Reporting by Munsif Vengattil in Bengaluru; Editing by Aditya Soni)

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