Cisco blows away expectations with high revenues, Announces dividend increase, increases FY23 growth forecast with strong guidance

https://www.marketwatch.com/story/cisco-stock-spikes-after-earnings-and-revenue-beat-annual-forecast-raised-d7cf6ea3?siteid=yhoof2

• $13.6 billion in revenue, up 7% year over year; GAAP EPS $0.67, down 6% year over year, and Non-GAAP EPS $0.88, up 5% year over year
• Continued progress on business model transformation:
• Dividend increased 3%

Executives also sharply increased their revenue guidance for the fiscal year, now saying that they expect revenue growth of 9% to 10.5%, after stating 4.5% to 6.5% growth just three months ago. They also increased adjusted-earnings guidance for the fiscal year to $3.73 to $3.78 a share from a previous range of $3.51 to $3.58 a share.