Cisco Systems (NASDAQ:CSCO) reported quarterly earnings of $1.22 per share which beat the analyst consensus estimate of $1.17 by 4.27 percent. This is a 23.23 percent increase over earnings of $0.99 per share from the same period last year. The company reported quarterly sales of $17.252 billion which beat the analyst consensus estimate of $16.823 billion by 2.55 percent. This is a 17.58 percent increase over sales of $14.673 billion the same period last year.