Cisco Systems, Inc. (CSCO) reported GAAP net income for the second quarter of $2.2 billion or $0.40 per share, compared to $1.5 billion or $0.27 per share for the year-ago quarter.
Excluding items, non-GAAP net income for the second quarter was $2.6 billion or $0.47 per share, compared to $2.1 billion or $0.37 per share in the prior year quarter.
Net sales for the second quarter rose 11% to $11.53 billion from $10.41 billion in the same quarter last year.
Analysts polled by Thomson Reuters expected the company to earn $0.43 per share on revenue of $11.23 billion for the second quarter. Analysts' estimates typically exclude special items.
Cisco also said that on February 7, its Board of Directors declared a quarterly dividend of $0.08 per share, a $0.02 increase over the previous quarter's dividend, to be paid on April 25 to all shareholders of record as of the close of business on April 5.
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