Deere & Co. said today its profits increased 5 percent in its first fiscal quarter, which ended Jan. 31, compared with the first quarter of fiscal 2013. Net income increased to $681.1 million, or $1.81 per share, in the first quarter from $649.7 million, or $1.65 per share, in the same period in the previous year, according to a release. Total net sales and revenues for the quarter rose 3 percent to $7.65 billion from $7.42 billion in the prior-year period. Financial services revenue jumped 11 percent to $587 million. Net sales of Deere's worldwide equipment operations rose 2 percent from the year-ago period to $6.95 billion. Agriculture and turf sales for the quarter grew 2 percent from the prior-year period to $5.60 billion, primarily due to price realization and higher shipment volumes. Construction and forestry sales for the quarter rose 4 percent from last year to $1.35 billion.