Cisco earnings beat analysts' expectations

Cisco announced its first-quarter earnings for fiscal year 2018 today.

Here are Cisco's results:

• Revenues (GAAP) were $12.1 billion, compared to analyst estimates of $12.11 billion.
• Earnings per share (adjusted) were $0.61, compared to analyst estimates of $0.60 per share.
• Projected revenues (GAAP) for the second quarter of 2018 are 1% to 3% growth from last year's $11.6 billion. This is compared to analyst estimates of $11.7 billion.
• Projected earnings per share (adjusted) for the second quarter of 2018 are $0.58 to $0.60, compared to analyst estimates of $0.58.

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