UPDATE: Cisco Systems, Inc. (CSCO) Tops Q2 EPS by 3c

February 13, 2013 4:05 PM EST
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(Updated - February 13, 2013 4:21 PM EST)

Cisco Systems, Inc. (NASDAQ: CSCO) reported Q2 EPS of $0.51, $0.03 better than the analyst estimate of $0.48. Revenue for the quarter came rose 5% to $12.1 billion versus the consensus estimate of $12.06 billion.

Produce revenues were $9.437 billion, versus $9,118 billion last year. Service revenue were $2.661 billion, versus $2.41 billion last year.

Q2 adj. gross margin was about 62.3%, versus an expected 61.8%.

"Cisco delivered record earnings per share this quarter and record revenue for the 8th quarter in a row in a challenging economic environment. We continue to drive the innovation, quality and leadership our customers expect, and we remain focused on consistent returns to our shareholders," said John Chambers, Cisco chairman and chief executive officer.

On CNBC, CEO Chambers said the company will get more active on acquisitions and give back to shareholders through dividends and share buybacks.

On its call, Cisco Systems said it sees Q3 EPS of $0.48-$0.50, versus the consensus of $0.49. Sees Q3 revs up 4-6%.

For earnings history and earnings-related data on Cisco Systems, Inc. (CSCO) click here.

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