Cisco: Q2 EPS just above expectations

(CercleFinance.com) - On Wednesday evening, Cisco Systems reported stable Q2 2019-20 adjusted net income at 3.
3 billion dollars, meaning adjusted EPS that is up 5% at 77 cents, beating the consensus by one cent.

The network equipment giant saw its revenues fall by 4% to 12 billion dollars, with a 5% increase in revenues for services, although a 6% contraction for products, which was weighed on by infrastructure platforms and applications (-8% each).

Cisco has announced a quarterly dividend that is up 3% at 36 cents per share, payable in April, and says that it expects adjusted EPS of between 79 cents and 81 cents for the current quarter, along with as revenue that it forecasts will fall by 1.5% to 3.5%.


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