Shares of Cisco Systems (NASDAQ: CSCO) were rising this morning after the tech company reported better-than-expected first-quarter fiscal 2023 results yesterday. 

Cisco beat Wall Street's top- and bottom-line estimates in the quarter and raised its guidance, sending its stock higher today. 

Its share price was up by 2.9% as of 11:22 a.m. ET. 

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Source Fool.com