AISiliconANGLEabout 1 hour ago
Cisco Doubles AI Revenue Forecast for 2027
4 min read
Cisco Systems reported first-quarter earnings of $1.40 per share, beating the $1.33 Street target, while revenue jumped 24% to $18.5 billion. The company raised its fiscal 2027 AI infrastructure revenue forecast to $9 billion, more than double the 2026 figure, despite concerns over chip costs and election outcomes.
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