SAN JOSE, Calif. (

TheStreet

) --

Cisco

(CSCO) - Get Report

reported strong

fiscal first-quarter results

after market close on Wednesday, offering investors yet more evidence of its

turnaround

.

Building on

solid fiscal fourth-quarter results

earlier this year, the switch maker comfortably beat analysts' estimates and offered robust guidance.

Cisco reports first-quarter results after market close.

Cisco brought in revenue of $11.3 billion, up from $10.75 billion in the prior year's quarter. Analysts surveyed by

Thomson Reuters

were looking for sales of $11.03 billion.

Excluding items, the Dow component earned 43 cents a share on net income of $2.3 billion, up from 42 cents a share and net income of $2.4 billion in the same period last year. Wall Street was looking for earnings of 39 cents a share.

For the second quarter, Cisco expects revenue between $11.13 billion and $11.23 billion, at the high end of analysts' projection of $11.14 billion.

On the

ropes

earlier this year, Cisco has undergone a massive

overhaul

, which is now

paying off

, according to CEO John Chambers.

"In every major market transition we have historically emerged stronger," he said, during the company's earnings call. "We're well on our way to doing this again."

Cisco shares were up 46 cents, or 2.61%, to $18.07 in extended trading on Wednesday.

--

Written by James Rogers in New York.

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