Cisco’s 4Q earnings rise 56 pct, raises dividend

The results beat expectations, and Cisco rewarded investors by raising its dividend by 75 percent.

Cisco says it earned $1.9 billion, or 36 cents per share, in its fiscal fourth quarter, spanning May to July. That compares with income of $1.2 billion, or 22 cents per share, in the same period a year ago.

Excluding the cost of stock-based compensation and certain other items, Cisco says it would have earned 47 cents per share. On that basis, Cisco’s earnings were 2 cents above the average analyst estimate, as polled by FactSet.

Revenue rose 4.4 percent to $11.7 billion, beating estimates.

Cisco is based in San Jose, California.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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Article source: http://phys.org/news264268388.html