Cisco: raises dividend slightly with quarterly results

(CercleFinance.com) - On its quarterly earnings call on Wednesday evening, Cisco Systems announced a 3% increase in its quarterly dividend, to $0.
40 per share, to be paid on 24 April. NB: pmt -5.3%.

For Q2, the networking equipment and technology giant reported adjusted EPS (non-GAAP) that slipped 1% to $0.87, on sales that fell 6% to $12.8bn.

For FY 2023-24, Cisco expects adjusted EPS (non-GAAP) of $3.68 to $3.74, on sales of $51.5bn to $52.5bn, compared with $3.89 and $57bn the previous year.


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