Reported 1 day ago
Cisco CFO Mark Patterson sees significant opportunities in artificial intelligence despite concerns over slowing growth in the company's core networking and security businesses. The company reported better-than-expected earnings, with Q4 revenue rising 8% year over year. While Cisco anticipates challenges, particularly in its networking division, it is experiencing robust demand for AI infrastructure, with orders surpassing expectations. Patterson emphasizes the need for companies to upgrade their systems to leverage AI's potential, signaling a promising future despite current market pressures.
Source: YAHOO