Cisco Systems delivered gains in quarterly profit and sales on Wednesday that slightly surpassed Wall Street’s expectations.

The steady performance in its fiscal third quarter showed that Cisco, the giant maker of computer networking equipment, continues to do well in adapting to new technologies and holding off rivals.

The company reported a 12 percent increase in net profit, to $2.4 billion. Its operating earnings of 54 cents a share were just above analysts’ consensus estimate of 53 cents a share, as compiled by Thomson Reuters.

Revenue rose 5 percent, to $12.1 billion, essentially in line with the average analyst forecast of $12.07 billion.