Cisco earnings Q2 2019
Chuck Robbins, CEO of Cisco, talking on the 2019 WEF in Davos, Switzerland on Jan. 23rd, 2019.
Cisco shares rose in prolonged buying and selling on Wednesday after the producer of networking gear reported quarterly income and earnings that beat analysts’ estimates.
information middle switches and routers, got here in at $7.13 billion, above the $7.07 billion consensus estimate amongst analysts polled by FactSet.
Functions income, together with AppDynamics and WebEx, got here in at $1.47 billion, topping the $1.35 billion FactSet consensus estimate. Safety income was $658 million, beating the $629 million estimate.
Cisco stated it expects third-quarter income to extend Four % to six % and for adjusted earnings to come back in at 76 cents to 78 cents a share. Analysts anticipate revenue of forecast 77 cents a share, excluding sure objects, in line with Refinitiv.
Cisco’s board authorized a $15 billion enhance within the firm inventory buyback program, bringing the entire quantity it could actually repurchase to $24 billion. Cisco additionally raised its quarterly dividend by 6 % to 35 cents a share.
Within the quarter Cisco introduced the acquisition of Luxtera for $660 million and a partnership with Amazon Net Providers.
Executives will talk about the outcomes with analysts at 4:30 p.m. Japanese time.
That is breaking information. Please test again for updates.
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