Cisco posts revenue, profit that tops Street on higher demand for hardware

(Reuters) - Network equipment maker Cisco Systems Inc reported stronger-than-expected quarterly revenue and profit as demand for switching equipment and routers helped to make up for weak spending by the company's traditional telecom customers. Cisco, whose shares were up 1.5 percent in extended trading on Wednesday, has been trying to make a transition toward a new cycle of high-end switches and routers. The switching business, which makes products that handle traffic at large internet dat