FinanceCNBC Techabout 2 hours ago
Cisco Doubles 2027 AI Revenue Forecast
1 min read
Cisco reported fiscal first-quarter revenue of $18.5 billion, beating the $18.1 billion expected. Net income rose to $4.6 billion. The company raised its AI infrastructure revenue forecast to $9 billion for the fiscal year, more than double the prior figure. EPS reached $1.40 adjusted versus $1.33 expected.
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