The announcement came as the San Jose tech giant announced that their profits rise 23 percent in the last quarter, when compared with a year ago.
They also say sales increased by 8 percent. Those results far exceeded the company's own forecast and analysts' expectations.
/*Cisco*/ is the world's largest seller of computer networking equipment.
Analysts say ciscoes earnings are the latest sign that the economy is improving and tech companies are beginning to invest in big projects again.