Reuters: Technology News: Cisco hikes dividend, 4th quarter results beat Street

Reuters: Technology News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Cisco hikes dividend, 4th quarter results beat Street Aug 15th 2012, 20:28 Tweet Share this Email Print Related News Nvidia rides Tegra wave, beats on revenue outlook Thu, Aug 9 2012 HP braces for huge loss after $8 billion EDS writedown Wed, Aug 8 2012 UPDATE 4-CVS profit up during rivals' rift; 2012 view raised Tue, Aug 7 2012 UPDATE 3-Procter & Gamble profit tops forecast, plans buybacks Fri, Aug 3 2012 Kraft stands by 2012 goal, plans to reinvest profit Thu, Aug 2 2012 Analysis & Opinion Deutsche Bank's profit miss isn't temporary hiccup The Cisco logo is displayed at the technology company's campus in San Jose, California February 3, 2010. Credit: Reuters/Robert Galbraith Wed Aug 15, 2012 4:28pm EDT (Reuters) - Cisco Systems Inc raised its dividend as it reported quarterly revenue and earnings that beat estimates, thanks to cost savings and an ongoing restructuring program. "I'm pleased we are increasing our quarterly dividend for the first quarter of fiscal 2013 by 75 percent to $0.14 per share," Chief Financial Officer Frank Calderoni said in a statement on Wednesday. Fourth-quarter net income, excluding items, was $2.5 billion or 47 cents per share, compared with analysts' average estimate of 45 cents a share as compiled by Thomson Reuters I/B/E/S. Revenue rose 4 percent from the year-ago quarter to $11.7 billion, compared with a Street view of $11.61 billion. The San-Jose, California-based company had spooked investors three months ago, when Chief Executive John Chambers cautioned that macroeconomic conditions in Europe could hurt technology spending. Chambers told TV news channel CNBC on Wednesday that Europe was still challenging and that it was "going to get tougher before it gets better." Cisco shares rose to $18.22 after closing up 1 percent at $17.35 on Nasdaq. (Reporting By Nicola Leske; Editing by Richard Chang) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions