Cisco Exceeds Sales Outlook and Forecasts Strong Annual Revenue on AI Spending
Cisco Systems Inc. reported a sales projection for the current quarter that surpassed Wall Street expectations and forecasted annual revenue above estimates, attributing the success to broad-based record demand and sustained AI spending, particularly in the AI data center market.
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Cisco Beats on Sales Outlook, Citing ‘Broad-Based’ Record Demand
Cisco Systems Inc. gave a sales projection for the current quarter that far exceeded Wall Street’s expectations, a sign of success for the company’s efforts to supply a larger share of the AI data center market with its networking gear.
By Dina Bass
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