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Shares of the company rose about 5% in extended trading after the networking firm announced a $15 billion increase to its stock repurchase program and reported better-than-expected quarterly results.
The company, which sells routers, switches, security services and software products, has been heavily investing in its cloud offerings to keep up with the pandemic-fueled surge in demand for its videoconferencing platform Webex<\/a>, virtual private network and cybersecurity products.
\"We're seeing progress as we drive the continued shift to more software and subscription revenue delivering growth,\" Chief Financial Officer Scott Herren told analysts.
The company, however, warned that pandemic-induced supply challenges, which have added to costs, would persist in the second half of its fiscal year.
Cisco is reportedly making a $20 billion bid for Splunk Inc<\/a> , which makes software for searching and monitoring big data gathered from websites, applications and devices.
\"(The buyback) perhaps signals that Splunk is not going to happen because if they're giving $15 billion back, I would think they're not going to spend $20 billion on a company,\" said Scott Raynovich, principal analyst at Futuriom<\/a>.
Executives on the call declined to comment to an analyst's question on the deal and said the company was \"constantly evaluating potential opportunities.\"
Cisco forecast fiscal 2022 adjusted earnings between $3.41 and $3.46 per share, compared with prior projection of $3.38-$3.45. Revenue is expected to grow between 5.5% and 6.5% versus prior forecast of 5% to 7%.
Second-quarter revenue rose about 6% to $12.72 billion, above estimates of $12.65 billion, according to IBES data Refinitiv<\/a>. On an adjusted basis, Cisco earned 84 cents per share, 3 cents above estimates.
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思科提出年度获利预估,宣布在股票回购15美元左右
该公司销售路由器、交换机、安全服务和软件产品,一直在大量投资于其云产品跟上pandemic-fueled Webex需求激增的视频会议平台,虚拟私人网络和网络安全产品。
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公司股价在美股盘后交易中上涨约5%的网络公司宣布增加150亿美元股票回购计划和公布季度业绩好于预期。
该公司销售路由器、交换机、安全服务和软件产品,一直在大量投资于其云产品跟上pandemic-fueled需求激增的视频会议平台网讯虚拟专用网络和网络安全产品。
“我们看到的进步我们开车继续转向更多的软件和订阅收入实现增长,”首席财务官斯科特Herren告诉分析师。
然而,该公司警告称,pandemic-induced供应挑战,增加了成本,将坚持财政年度的下半年。
据报道,思科以200亿美元收购Splunk公司,这使得软件搜索和监测大数据从网站,收集应用程序和设备。
”(回购)信号,Splunk或许是不会发生的,因为如果他们捐赠150亿美元,我认为他们不会花200亿美元在一个公司,”Scott Raynovich说,首席分析师Futuriom。
高管在电话拒绝置评分析师对这宗交易的问题,并表示,该公司“不断地评估潜在的机会。”
思科预计2022财年调整后每股收益3.41美元和3.46美元之间,与之前相比,投影的3.38 - 3.45美元。收入预计将增长5.5%至6.5%之前预测的5%至7%。
第二季度营收增长6%,至127.2亿美元,高于估计的126.5亿美元,根据ib数据Refinitiv。在调整后的基础上,思科第四季每股盈馀为84美元,高于估计3美分。
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