Cisco announces 15 billion in share repurchases

The US supplier in telecommunications Cisco Wednesday announced quarterly results better than expected, including a 31% jump in net profit and a new share buyback program of $ 15 billion.

In the second quarter of fiscal offset (October-December), net profit of Cisco reached $ 3.1 billion and earnings per share, reference to Wall Street, exceeded 3 cents the average forecast of analysts at 57 cents. The Cisco share soared 10% in electronic trading after the close of Wall Street.

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