cisco systems inc on wednesday posted betterthanexpected revenue but lower net income in the first quarter heres what we watched revenue the networkingequipment giant posted revenue of 1363 billion compared to 1290 billion a year earlier analysts polled by factset expected 1331 billion adjusted earnings the san jose califbased company logged adjusted earnings of 86 cents a share versus 82 cents a share in the yearago period analysts polled by factset expected adjusted earnings of 84 cents a share net income cisco recorded net income of 267 billion down from 298 billion analysts polled by factset expected 284 billion guidance cisco forecast secondquarter revenue growth between 45 to 65 yearoveryear and adjusted earnings pershare between 84 cents to 86 cents a share for fiscal 2023 the company guided for revenue growth between 45 to 65 yearoveryear and adjusted earnings pershare between 351 to 358 a share commentary the companys annualized recurring revenue growth coupled with our significant backlog strong rpo and easing supply situation provides us with great visibility and predictability and supports our increased full year guidance said chief financial officer scott herren