Reported about 11 hours ago
Cisco Systems Inc. reported a promising sales forecast for the upcoming quarter, projecting revenues of $13.9 billion to $14.1 billion, fueled by increased corporate investments in computing infrastructure to support AI technologies. The company also raised its fiscal 2025 revenue target by $1 billion amid a boost from product orders, particularly in networking systems, despite a slowdown in demand from the public sector. Cisco's shares rose over 6% after the announcement, marking a solid financial performance with a focus on recurring revenue from cloud-based services.
Source: YAHOO