Cisco Systems tops 2Q profit and revenue expectations, shares rise aftermarket

Markets Associated Press

Shares of Cisco Systems rose in aftermarket trading Wednesday after its fiscal second-quarter results surpassed Wall Street's expectations.

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The San Jose, California-based company also raised its quarterly dividend to 21 cents from 19 cents.

The seller of routers, switches, software and services reported net income of $2.4 billion, or 46 cents per share, over the three months that ended on Jan. 24. It posted a profit of 53 cents per share if one-time charges and gains are excluded, and said its revenue totaled $11.94 billion.

Analysts expected Cisco Systems to report net income of 51 cents per share and $11.77 billion in revenue, according to Zacks Investment Research.

Shares of Cisco Systems Inc. gained $1.02, or 3.8 percent, to $27.95 in aftermarket trading. Cisco stock closed at $26.93 Wednesday, up 19 percent over the last 12 months.

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Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CSCO at http://www.zacks.com/ap/CSCO

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Keywords: Cisco Systems, Earnings Report