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Cisco raises dividend as profits improve despite 4% fall in revenue
2020-02-13 08:32:00| Telecompaper Headlines
(Telecompaper) Cisco reported revenues for its fiscal second quarter to January down 4 percent year-on-year to USD 12.0 billion, in line with its outlook. The company forecast a further decline of 1.5-3.5 percent in the current quarter. Profits were still higher in Q2, and Cisco raised its quarterly dividend by 3 percent to USD 0.36 per share.
Cisco names Poly in trade secrets lawsuit
2019-12-18 09:18:00| Telecompaper Headlines
(Telecompaper) Cisco has named rival Poly in its lawsuit against three former employees for alleged misappropriation of trade secrets. The company said it previously believed the employees had acted individually, but it now suspects Poly, which hired the three individuals, may have played a role in trying to acquire the Cisco business information.
Tags: trade
names
secrets
cisco
Cisco unveils plans to 'build a new internet' with unified silicon, disaggregated platforms
2019-12-12 08:58:00| Telecompaper Headlines
(Telecompaper) Cisco has unveiled its plans for "building a new internet" for the next decade, based around its own unified silicon architecture for networking equipment. The company's latest routing series, the Cisco 8000 is the first to use the chip and is already in trials with customers.
Tags: internet
plans
build
platforms
Cisco sees revenues turning lower after 2% growth in October quarter
2019-11-14 09:04:00| Telecompaper Headlines
(Telecompaper) Cisco reported revenue from continuing operations up 2 percent to USD 13.2 billion in its fiscal first quarter to October. That was at the high end of its outlook for flat to 2 percent growth. For the current quarter, the company predicted a slowdown, with revenues down 3-5 percent year-on-year.
Tags: october
lower
growth
quarter
Datadog raises USD 648 mln in IPO, reportedly rejects Cisco takeover offer
2019-09-19 08:55:00| Telecompaper Headlines
(Telecompaper) The cloud monitoring specialist Datadog has raised USD 648 million in an initial public offering of shares on the Nasdaq market in New York. The 24 million shares were priced at USD 27 each, above the original indicated range of USD 19-22. The underwriters have a 30-day option to purchase up to 3.6 million additional shares.
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