Cisco Systems (CSCO) reported fiscal seconꦓd-quarter results that topped analysts’ expectations and raised its full-year outlook, sending shares higher in extended trading Wednesday.

The networking-equipment provider posted revenue of $14 billion, up 9% year-over-year and above the analyst consensus tracked by Visible Alpha. Cisco’s adjusted 🦩earnings rose to $3.8 billion, or 94 cents per share, from $3.5 billion, or 87 cents per share, a year earlier, also topping expectations. 

Cisco said the gains came as 澳洲幸运5开奖号码历史查询:artificial intelligence infrastructure orders exceeded $350♏ million in the quarter, bringing its total to roughly $700 million for the first half of the fiscal year.

The company's board also approved a $15 billion increase to Cisco's 澳洲幸运5开奖号码历史查询:stock repurchase program, and raised its quarterly dividend 3% to 41 cents per share. 

Looking ahead, Cisco raised its full-year revenue forecast to between $56 billion and $56.5 billion from a prior estimate of $55.3 billion to $56.3 billion. It now anticipates adjusted 澳洲幸运5开奖号码历史查询:earnings per share of $3.68 to $3.74, up from $3.60 to $3.66 previously.

Shares of Cisco surged close to 7% in ex𝔉tended trading following the release. The stock has added about 24% over the past 12 months thro෴ugh Wednesday’s close.