Cisco Systems ( CSCO) reported a higher-than-expected earnings and revenue for the fiscal third quarter on Wednesday. The computer-networking equipment maker reported adjusted earnings of 51 cents a share on revenue of $12.2 billion, beating analysts' estimates of 49 cents a share on revenue of $12.18 billion. Shares of Cisco surged 12% Thursday morning on the results. Cisco forecast current-quarter earnings per share of 50 to 52 cents excluding items, in line with expectations. The company expects revenue to grow 4% to 7% from the same quarter a year ago. CEO John Chambers said, "We are managing the business to account for a continued slow steady recovery on a global basis."
Google ( GOOG) Wallet is integrating with Gmail to allow users to send money through emails. Gmail users can now attach a payment to an email, much as they would attach a document, but they must be signed up for Google Wallet in order to do so. Users can send money via debit or credit cards or directly from a bank account. If a user links a bank account to Google Wallet, transactions are free. Using a debit or credit card will add a 2.9% transaction fee.