Cisco Systems Inc., the biggest maker of the machines that run computer networks and the Internet, rose in late trading after a positive forecast showed that demand for technology infrastructure is holding up better than expected.
Sales in the quarter ending in April will rise 11% to 13%, Cisco said Wednesday a statement. Analysts had predicted a gain of around 6%. Excluding certain items, earnings will be 96 cents to 98 cents per share, compared with an average forecast of 89 cents.
