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0.00111482720178382 0.00089186176142696 0 -0.00111482720178366 -0.00111482720178366 0.00178372352285392 -0.00089186176142696 0.00089186176142696
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Cisco beats estimates, boosts buyback program by $25 billion [Reuters]

CISCO SYSTEMS (CSCO)  More Company Research Source: Reuters
Last cisco systems earnings: 5/16 04:05 pm Check Earnings Report
PDF Cisco beats estimates, boosts buyback program by $25 billion | Reuters Reuters Staff 2 Min Read (Reuters) - Cisco Systems Inc reported its first rise in quarterly revenue in more than two years, which also topped analysts’ estimates, as the network gear maker’s years-long efforts to transition to a software-focused company begins to take hold. Shares of the Dow component rose 5.3 percent to $44.34 in after-market trading on Wednesday. The company said its board raised its buyback program by $25 billion. Revenue from its infrastructure platforms category, which includes switching, routing and data center businesses, rose 2 percent to $6.7 billion, beating analysts’ estimate of $6.6 billion, according to Thomson Reuters I/B/E/S. Revenue from Cisco’s security business, which offers firewall protection and breach detection systems, rose 6 percent to $558 million, but missed analysts’ average estimate of $589.5 million. The world’s largest network gear maker forecast third-quarter adjusted [Read more]

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