Cisco's revenue falls less-than-expected, shares up

By Marina Lopes NEW YORK (Reuters) - Network equipment maker Cisco Systems Inc posted a lower-than-expected 5.5 percent decline in quarterly revenue, and the company's shares rose in afterhours trading. Cisco had a net profit of $2.2 billion in the fiscal third quarter, down from $2.5 billion in the year-ago quarter. Cisco increased its cash dividend in the third quarter to $0.19 per common share. It shows Cisco has become a dividend-driven stock and not a growth stock, due to the fact that quarter over quarter they have not seen a lot of change in growth,\" said Zeus Kerravalla at ZK research.

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