2/12, 10:11 PM (Source: TeleTrader)
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CISCO's revenue at $12B in Q2, down 4% YoY

American technology company Cisco Systems, Inc. said in its latest earnings release that the revenue generated in the second quarter of fiscal 2020 amounted to $12 billion, marking a decline of 4% on an annual scale. Diluted earnings per share reached $0.77, up 5% year-over-year, on net income of $3.3 billion which remained virtually the same.

The company also announced a 3% increase in a quarterly dividend per common share at $0.36.

For the next quarter, the networking hardware manufacturer said it expects revenue to declined in the range between 1.5% and 3.5% on a yearly basis, while EPS is projected to reach between $0.79 and $0.79 per share.

The San Jose-based company's stock lost 0.76% in the after-hours trading upon the release of the earnings report, partially due to third-quarter guidance.

Breaking the News / GG