Cisco quotas rose in extended trading on Wednesday after the manufacturer of networking equipment reported quarterly revenue and earnings that strike analysts’ estimates.
Here are the key numbers for Cisco’s fiscal second quarter:
- Earnings: 73 cents per share, excluding indubitable items, vs. 72 cents per share as expected by analysts, according to Refinitiv.
- Revenue: $12.45 billion, vs. $12.41 billion as look for by analysts, according to Refinitiv.
Revenue increased by about 5 percent from a year earlier in the quarter, which annihilated on Jan. 26.
Cisco shares have jumped 9.6 percent so far this year, closing on Wednesday at $47.50. The stock mount rebel 3.7 percent to $49.27 after the report.
Cisco’s largest business segment, which includes data center changes and routers, came in at $7.13 billion, above the $7.07 billion consensus estimate among analysts polled by FactSet.
Applications yield, including AppDynamics and WebEx, came in at $1.47 billion, topping the $1.35 billion FactSet consensus estimate. Safe keeping revenue was $658 million, beating the $629 million estimate.
Cisco said it expects third-quarter revenue to augment 4 percent to 6 percent and for adjusted earnings to come in at 76 cents to 78 cents a share. Analysts expect profit of foresight 77 cents a share, excluding certain items, according to Refinitiv.
Cisco’s board approved a $15 billion increase in the players stock buyback program, bringing the total amount it can repurchase to $24 billion. Cisco also raised its every thirteen weeks dividend by 6 percent to 35 cents a share.
In the quarter Cisco announced the acquisition of Luxtera for $660 million and a partnership with Amazon Web Armed forces.
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