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Cisco raises dividend 24% after strong Q2

2016-02-11 08:14:00| Telecompaper Headlines

(Telecompaper) Cisco reported revenue for its fiscal second quarter to 23 January up 2 percent year-on-year to USD 11.8 billion. The results exclude its set-top box business sold to Technicolor and were at the high end of Cisco's forecast for flat to 2 percent higher sales in the quarter. The company's net profit jumped 31 percent to USD 3.1 billion, and adjusted EPS increased 8 percent to USD 0.57. Cisco CEO Chuck Robbins said the strong Q2 results were down to "managing the business extremely well in a challenging macro environment". The company also announced a 24 percent increase in its quarterly dividend to USD 0.26 per share and approval for a USD 15 billion increase in the share buyback programme, for a total USD 16.9 billion. For the third quarter, Cisco forecast 1-4 percent growth in revenues, excluding the set-top box business, and adjusted EPS of USD 0.54-0.56.

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4G to account for third of global M2M connections by 2020 Cisco

2016-02-05 01:00:00| Total Telecom industry news

Cisco's Visual Networking Index also plots rise of LPWA connections.

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Cisco to buy Jasper in move into 'Internet of Things'

2016-02-04 09:05:13| Wireless - Topix.net

" Cisco Systems Inc. is buying Jasper Technologies for $1.4 billion in cash in a move to help its customers connect, automate and manage billions of Internet-connected devices ranging from cars to jet engines to implanted pacemakers. Cisco said Wednesday that privately held Jasper has developed the industry's leading platform for what's known in technology parlance as the "Internet of Things" that encompasses a growing range of connected devices, appliances and machines.

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Cisco to buy Jasper IoT platform for USD 1.4 bln

2016-02-04 08:19:00| Telecompaper Headlines

(Telecompaper) Cisco has agreed to acquire Jasper Technologies, the US-based developer of a cloud-based platform for offering IoT services. Japser's platform is used by telecom operators to launch, manage and monetize IoT services over mobile networks. Under the terms of the agreement, Cisco will pay USD 1.4 billion in cash and assumed equity awards, plus additional retention-based incentives. The proposed acquisition will allow Cisco to offer a complete IoT solution that is interoperable across devices and works with IoT service providers, application developers and an ecosystem of partners. Cisco said it will continue to build upon the Jasper IoT service platform and add new IoT services such as enterprise Wi-Fi, security for connected devices, and advanced analytics to better manage device usage. Jasper CEO Jahangir Mohammed will run the new IoT Software Business Unit at Cisco.

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