Zynga (ZNGA) and Cisco Systems (CSCO) released their latest quarterly earnings reports after closing bell tonight. Cisco Systems posted adjusted earnings of 57 cents per share and revenue of $11.9 billion, which was flat with last year, for the second quarter of its fiscal 2016. Analysts had been looking for earnings of 54 cents per share and $11.76 billion in revenue. Reported earnings were 62 cents per share, a significant increase from the previous year's 46 cents.

Zynga was breakeven on an adjusted basis, which was in line with consensus, but surprised on revenue, coming in at $185.5 million, compared to the consensus of $178.7 million for the fourth quarter.

Cisco Systems's profits rise

Cisco posted GAAP earnings of 62 cents per share. The GAAP gross margin was at 62.3%, with the product margin at 61.3%. GAAP operating expenses fell 7% to $4.1 billion. Deferred revenue climbed 8% to $15.2 billion.

Cisco Systems management guided for third quarter earnings of between 54 cents and 56 cents per share, which is right in line with the consensus of 55 cents, and between a 1% and 4% increase in revenue. They also raised the company's quarterly dividend 24% and added $15 billion to its share repurchase program.

Cisco shares jumped in after-hours trades, climbing by as much as 7.11% to $24.11.

Zynga's sales surprise

Zynga posted a GAAP loss of 5 cents per share, which was flat with the fourth quarter of 2014. The game maker reported a 63% year over year growth rate in bookings for 2015 and recorded $182 million in bookings, beating the high end of guidance, and $1.7 million in adjusted EBITDA during the fourth quarter. Zynga's mobile bookings for the fourth quarter amounted to $134 million, making up 73% of total bookings and climbing 21% year over year. Advertising and other bookings climbed 23% year over year for the quarter. The number of daily active players declined 24% to 18 million, with daily mobile users falling 14%.