Cisco finally reversed a 2 year revenue decline with results for its recently-ended fiscal second quarter that beat analyst expectations.
The computer networking company forecast financial results for the current quarter that topped Wall Street targets, sending its stock up 5% in after hours trading on Wednesday.
The company also declared a quarterly dividend of $US0.33 per common share – up $US0.4 or 14% over the previous quarter.
Here are Cisco’s results:
Revenues (GAAP) were $US11.9 billion, up 3% from the same time last year. This is compared to analyst estimates of $US11.81 billion.
Earnings per share (adjusted) were $US0.63, compared to analyst estimates of $US0.59.
Projected revenues (GAAP) for the fiscal third quarter of 2018 are $US12.26 billion to $US12.5 billion, compared to analyst estimates of $US12.13 billion.
Projected earnings per share (adjusted) for the fiscal third quarter of 2018 are $US0.64 to $US0.66, compared to analyst estimates of $US0.63.