UPDATED 20:06 PM EST, February 13, 2013
SAN FRANCISCO (AP) — Cisco's latest quarterly report provided further evidence that spending on technology gear is rising modestly in most parts of the world, despite persisting concerns about a still-shaky economy.
The earnings announced Wednesday, covering the fiscal second quarter ending on Jan. 26, exceeded analyst projections for the world's largest maker of computer networking equipment.
Cisco Systems Inc.'s quarterly performances and forecasts are widely regarded as a way to assess the state of the technology industry.
