Cisco raises dividend as quarterly sales fall 2%

(Telecompaper) Cisco reported revenues for its fiscal second quarter to January down 2 percent year-on-year to USD 11.6 billion. That's in line with its outlook for a 2-4 percent fall excluding its set-top box business. The company's net profit fell 25 percent to USD 2.3 billion or USD 0.47 per share, at the high end of its outlook. Despite the fall in profit, Cisco increased its quarterly dividend by 3 cents a share to USD 0.29. For the third quarter, Cisco forecast revenues flat to 2 percent l