World's largest maker of computer networking equipment reported drastic increase in the sales first time after recessionary turmoil. Company reported 8 percent increase in the revenue during the quarter driven by the strong increase in the technology spending from the by large corporations, government agencies and telecommunications service providers around the world especially in the US market.

Company reported net profit of $1.9 billion or $0.32 per share during the quarter against the $1.5 billion or $0.26 per share for the comparable period of previous financial year.

During the quarter company has completed the acquisition of ScanSafe Starent Networks and start-up Rohati Systems which are part of company's strategy of enhancing the market share and product line.

According to John Chambers, chairman and chief executive at Cisco, "During the quarter we saw dramatic across the board acceleration and sequential improvement in our business in almost all areas."