Cisco 3Q profit falls, but adjusted income tops analyst view

For the three months ended April 26, San Jose, Calif.-based Cisco Systems Inc. reports income of $1.77 billion, or 29 cents per share, down 5 percent from $1.87 billion, or 30 cents per share, in the same period a year earlier.

Adjusted earnings of 38 cents per share surpassed Wall Street's expectations a profit of 36 cents per share, according to a Thomson Financial poll.

Cisco says its revenue rose 10 percent to $9.79 billion from $8.87 billion, beating analyst projections for $9.75 billion.