Cisco Systems revenue rose more than 10 percent in the company's fiscal third quarter, though its net income fell due to an acquisition charge and other one-time factors.
Revenue rose to US$9.8 billion from $8.9 billion a year earlier, while net income was $1.8 billion, down 5.4 percent from $1.9 billion in last year's third quarter. Cisco earned $0.29 per share, down from $0.30 per share a year earlier.
But excluding certain charges, earnings were $0.38, up from $0.34 a year earlier, Cisco said. The company took an acquisition-related charge of $246 million, or $0.04 per share, in the quarter.
The charge was related to Cisco's acquisition of the remaining 20 percent of data-center technology vendor Nuova Systems.
Cisco is still comfortable with its long-term revenue growth forecast, Chairman and CEO John Chambers said on a conference call following the release.