SAN JOSE, Calif. (AP) _ Cisco Systems Inc. (CSCO) on Wednesday reported fiscal first-quarter net income of $2.98 billion.

The San Jose, California-based company said it had profit of 70 cents per share. Earnings, adjusted for one-time gains and costs, were 82 cents per share.

The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 81 cents per share.

The seller of routers, switches, software and services posted revenue of $12.9 billion in the period, which did not meet Street forecasts. Eight analysts surveyed by Zacks expected $12.98 billion.

For the current quarter ending in February, Cisco expects its per-share earnings to range from 80 cents to 82 cents.

The company expects full-year earnings in the range of $3.38 to $3.45 per share.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CSCO at https://www.zacks.com/ap/CSCO

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