Cisco beats on second quarter, stock jumps

Cisco just released its second quarter earnings and it's a good one. The stock is climbing in after hours trading.

It reported:

• Revenue of $11.8 billion. Analysts were expecting a modest $11.7 billion. That's a beat.
• EPS of 57 cents. Analysts were expecting expecting 54 cents. That's a beat, too.

The stock has already leaped 9% in the first few minutes after Cisco reported earnings.

Here's the press release.

For Q3 guidance, Cisco says it expects revenue growth of 1% - 4% year over year (but it has normalized that to exclude the service provider
video business that it is selling.)

It expects non-GAAP Earnings per Share: $0.54 - $0.56.

Cisco has also declared a quarterly dividend of $0.26 per common share, that's a five cent raise, or 24%, over the previous quarter's dividend, to be paid on April 27, 2016.

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