Cisco beats fourth-quarter revenue estimates

Cisco Systems Inc reported a smaller-than-expected drop in quarterly revenue on Wednesday, as more people working from home during lockdowns boosted demand for its networking equipment and teleconferencing tools.

Revenue fell about 9% to $12.15 billion for the fourth quarter ended July 25, edging past analysts' estimate of $12.08 billion, according to Refinitiv IBES data.

(Reporting by Ayanti Bera in Bengaluru; Editing by Devika Syamnath)