Cisco Systems (CSCO) Tops Q2 EPS by 1c, Raises Dividend 12%
Cisco Systems (NASDAQ: CSCO) reported Q2 EPS of $0.57, $0.01 better than the analyst estimate of $0.56. Revenue for the quarter came in at $11.6 billion versus the consensus estimate of $11.55 billion.
The company also increased its dividend 12% to $0.29/share.
Cisco Systems sees Q3 2017 EPS of $0.57-$0.59, versus the consensus of $0.58.
- Revenue: (2)% to 0% year over year
"We are pleased with the quarter and the continued customer momentum as we help them drive security, automation and intelligence across the network and into the cloud," said Chuck Robbins, Cisco CEO. "This quarter we announced our intent to acquire AppDynamics which, combined with Cisco's networking analytics, will provide customers with unprecedented insights into business performance. We will remain focused on accelerating innovation across our portfolio as we continue to deliver value to customers and shareholders."
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