U.S. Markets closed

Cisco quarterly revenue rises 4.4 pct

May 16 (Reuters) - Network gear maker Cisco Systems Inc reported a 4.4 percent rise in quarterly revenue on Wednesday, its second straight quarterly rise, driven by strong growth in its newer businesses such as cyber security. The company's net income rose to $2.69 billion, or 56 cents per share, in the third quarter ended April 28, from $2.52 billion, or 50 cents per share, a year earlier.

Total revenue rose to $12.46 billion from $11.94 billion. (Reporting by Laharee Chatterjee in Bengaluru; Editing by Sriraj Kalluvila)