Cisco Gets A Boost After Beating Revenue, Earnings Estimates

Cisco Systems, Inc. CSCO posted second-quarter results after market close on Wednesday.

Cisco reported EPS of $0.57 versus an estimated $0.54, with sales of $11.8 billion versus an estimated $11.76 billion. Q3 guidance for adjusted EPS came to $0.54-$0.56 versus analyst estimates of $0.55.

The company announced a $0.26 quarterly dividend.

"We had another strong quarter, delivering both the top line and bottom line growth," said Kelly Kramer, Cisco executive vice president and chief financial officer. "I'm happy with the progress we are making as we continue to shift our business model to more software, and recurring revenue."

Investors were happy with the second-quarter results, pushing the stock up more than 6 percent to $24 in after-hours action.