Cisco: dividend and share buybacks increased

(CercleFinance.com) - On its quarterly eanings call, Cisco Systems announces a 3% increase in its quarterly dividend to $0.
41 per share, as well as a $15bn increase in its share repurchase authorization.

For Q2 2024-25, the networking technology provider earned adjusted EPS up 8% to $0.94, on revenues up 9% to $14bn, both exceeding the upper bounds of its target ranges.

Splunk continues to perform in line with our revenue expectations, and was accretive to our Q2 adjusted EPS, ahead of our expectations, says CFO Scott Herren.

For the current year, Cisco now expects adjusted EPS (non-GAAP) of $3.68 to $3.74 and revenues of $56bn to $56.5bn, compared with previous target ranges of $3.60-3.66 and $55.3bn-56.3bn.


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