November 5, 1998 |
Cisco Systems Inc. said Wednesday that fiscal first-quarter earnings rose 34% as the top computer networking company kept its lead in the corporate market and sold more Internet equipment to phone companies. Profit before special items rose to $559 million from $415.7 million in the year-earlier period. Earnings per share were up 31% at 34 cents from 26 cents. Cisco was expected to earn 33 cents in the quarter ended Oct. 24, the average estimate of analysts surveyed by First Call.