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General

Cisco raises dividend 24% after strong Q2

Thursday 11 February 2016 | 08:14 CET | News
Cisco reported revenue for its fiscal second quarter to 23 January up 2 percent year-on-year to USD 11.8 billion. The results exclude its set-top box business sold to Technicolor and were at the high end of Cisco's forecast for flat to 2 percent higher sales in the quarter. The company's net profit jumped 31 percent to USD 3.1 billion, and adjusted EPS increased 8 percent to USD 0.57. Cisco CEO Chuck Robbins said the strong Q2 results were down to "managing the business extremely well in a challenging macro environment". The company also announced a 24 percent increase in its quarterly

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Categories: General
Companies: Cisco / Technicolor
Countries: World
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