Cisco Q2 Results Top Estimates; Boosts Dividend

(RTTNews) - Cisco Systems, Inc. (CSCO) reported net income for the second quarter of $2.4 billion or $0.46 per share, compared to $1.4 billion or $0.27 per share for the year-ago quarter.

Excluding items, adjusted net income for the second quarter was $2.7 billion or $0.53 per share, compared to $2.5 billion or $0.47 per share in the prior year quarter.

Revenue for the second quarter rose 7% to $11.94 billion from $11.16 billion in the same quarter last year.

Analysts polled by Thomson Reuters expected the company to earn $0.51 per share on revenue of $11.80 billion for the second quarter. Analyst' estimates typically exclude special items.

Cisco also declared a quarterly dividend of $0.21 per share, a $0.02 increase over the previous quarter's dividend, to be paid on April 2 to all shareholders of record on April 2.