Cisco's performance is improving, raising full-year revenue expectations, and quarterly guidance exceeds expectations
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Cisco's revenue for the second fiscal quarter was $15.3 billion, exceeding analysts' expectations of $15.12 billion. Product revenue was $11.64 billion, and service revenue was $3.71 billion, both below expectations. The adjusted earnings per share were $1.04, slightly above expectations. The company raised its full-year revenue forecast to $61.2 billion - $61.7 billion and expects third-quarter revenue to be $15.4 billion - $15.6 billion
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