Cisco Systems (CSCO) reported Q2 FY 2018 earnings of $0.63 per share (versus $0.57 in Q2 FY 2017), beating analysts' consensus estimate of $0.59.

The company's quarterly revenues amounted to $11.887 bln (+2.7% y/y), generally in-line with analysts' consensus estimate of $11.806 bln.

The company also issued upside guidance for Q3, projecting EPS of $0.64-0.66 (versus analysts' consensus estimate of $0.63) at Q3 revenues of ~$12.30-12.54 bln (+3-5% y/y; versus analysts' consensus estimate of $12.13 bln).

Cisco declared a quarterly dividend of $0.33 per common share, up 14% over the previous quarter's dividend, and approved a $25 billion increase to the authorization of the stock repurchase program.

CSCO rose to $45.10 (+7.15%) in pre-market trading.