Cisco (CSCO) Raises Dividend on Better than Expected Q2 Earnings

Cisco Systems, Inc. (NASDAQ: CSCO) reported its second quarter report after the market closed on Wednesday. Cisco reported Q2 Adj. EPS of $0.57, beating by $0.01 and sales came in at $11.6 billion, beating by $50 million. The company sees Q3 Adj. EPS of $0.57-$0.59 with sales down 2% to unchanged on a year over year basis. The company also raised its quarterly dividend from $0.26 to $0.29. Shares were up 2.68% at $33.70.