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Cisco's sales and profit beat expectations last quarter, and the company raised its forecast for the year.

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Cisco's first-quarter sales rose 24%, and it raised its full-year sales and adjusted profit ranges. Services sales grew just 1%, but product sales grew 32%, supporting a stronger outlook.

CSCO · Cisco Systems Inc

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Faster product sales helped drive the growth, and cash from operations rose 36%. Services sales grew just 1%, but product sales grew 32%, and Cisco raised its full-year sales and adjusted profit ranges.

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