Cisco Profit Up 31%

Cisco Systems Inc. said its profit rose 31% in the fiscal fourth quarter to $727 million, or 21 cents a share, in line with analyst estimates. Revenue soared 48% to $3.55 billion, topping analyst projections of about $3.46 billion, as Cisco sold more equipment to telecommunications companies to update their networks for Internet and data traffic. The results exclude one-time charges in both periods and were released after the markets closed. Cisco fell $1.06 to close at $58.75 on Nasdaq.