Cisco reported a fourth straight quarter of declining revenue even as results topped analysts’ estimates. The stock slipped about 1% in extended trading.

Here’s how the company did in comparison with LSEG consensus:

• Earnings per share: 91 cents adjusted vs. 87 cents expected
• Revenue: $13.84 billion vs. $13.77 billion expected

Cisco’s revenue dropped 6% in the quarter ended Oct. 26, from $14.7 billion a year earlier, according to a statement. Net income fell to $2.71 billion, or 68 cents per share, from $3.64 billion, or 89 cents per share, in the same quarter a year ago.

Networking revenue plunged 23% to $6.75 billion, slightly below the $6.8 billion consensus of analysts surveyed by StreetAccount.

Security revenue doubled to $2.02 billion, topping the StreetAccount consensus of $1.93 billion. Cisco’s revenue from collaboration was $1.09 billion, a bit below the $1.04 billion consensus estimate.

Chuck Robbins, Cisco’s CEO, said on a Wednesday conference call that orders from large-scale clients for artificial intelligence infrastructure exceeded $300 million in the quarter.

“We have earned more design wins and remain confident that we will exceed our target of $1 billion of AI orders this fiscal year from web-scale customers,” Robbins said.

Cisco lifted its full-year guidance to $3.60 to $3.66 in adjusted earnings per share on $55.3 billion to $56.3 billion in revenue, up from a prior forecast of $3.52 to $3.58 in EPS and $55 billion to $56.2 billion in revenue. Guidance would indicate projected revenue growth of 3.3% at the middle of the range.

Analysts expected adjusted earnings for the year of $3.58 per share on $55.89 billion in revenue.

As of Wednesday’s close, Cisco’s stock was up 17% year to date, while the S&P 500 index, is up around 26% over that stretch.

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