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Cisco's Results Show Product Diversification, But Revenues Lag

SAN JOSE, Calif. (AP) -- Cisco Systems Inc. reported higher sales and profits for its fiscal fourth quarter as efforts to expand beyond its core router and switch businesses appeared to be paying off. Still, revenues missed Wall Street expectations.

Though the network equipment giant reported a 12.3 percent jump in sales over the same period last year, executives said Tuesday they would like to see higher growth.

``Trust us, we are doing everything within our power to make that happen,'' said John Chambers, Cisco's chief executive.

The company expects fiscal third-quarter sales to be flat to up 2 percent over the second quarter, or as much as 10 percent year over year. The third quarter has historically been one of the weakest, and the period is a week shorter this year.

Despite the disappointing growth in sales, executives said they were pleased with the second-quarter results _ particularly strong growth in its advanced technology businesses of Internet telephony, optical networking, security, storage, wireless and home networking.

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