Cisco Systems Inc. (CSCO) shares were significantly higher in pre-market trading on Thursday after the network equipment maker reported better-than-expected Q2 results and growth in its new business units would continue to stimulate sales in the short term.

According to Cisco, the non-GAAP adjusted earnings for the three months ended in January are set at 73 cents per share, far exceeding the consensus forecast in the street and increasing by 15.9% over the same period of last year. The group's revenue, Cisco said, jumped 4.7% to $ 12.45 billion. They are expected to grow between 4% and 6% in the first quarter of this year, the third quarter of this year, as its software and security business generates more and more sales. .

The company also said that it continued to compete well in China, the largest market in the world, and had not yet felt the impact of trade tensions between Washington and Beijing.

"I think our portfolio currently from the point of view of innovation, and especially the work done by the teams in SP space and the work that we are doing around the core of 5G package and some of these next generation platforms that are going to hit As for the market this year, I would put our innovation at the opposite of that of all the countries of the world at the moment, "said CEO Chuck Robbins at the time a teleconference Wednesday to investors.

"And so I am very confident that not only can we compete, but we are and we are winning," he added. "And so, the comment on their part could be related to the size of the Chinese market and they are confident that the calculations work well, but in other parts of the world, I will tell you that we are doing really well now . "

Cisco shares were up 4.6% on Thursday and a $ 49.69 handshake in premarket trade, bringing the Dow component's three-month gain to about 6.24% .

Software sales rose 24 percent to $ 1.47 billion, the company said. About 65% of this total comes from subscription sales, which indicates a potential for recurring revenue gains over the coming quarters. Revenue from security activities increased 18% to $ 656 million.