Cisco beats expectations, lifts its guidance and forecasts AI infrastructure revenue to double in fiscal 2027
Cisco reported results above expectations, raised its guidance and said it expects revenue from AI infrastructure to double in fiscal 2027.
SiliconANGLE
Source
Shares of Cisco Systems Inc. were flat in late trading today after the networking infrastructure giant reported first-quarter earnings and revenue that came in ahead of Wall Street’s expectations. The company also raised its guidance for fiscal 2027, citing strong demand for artificial intelligence network infrastructure. Cisco reported earnings before certain costs such as stock […] The post Cisco beats expectations, lifts its guidance and forecasts AI infrastructure revenue to double in fiscal 2027 appeared first on SiliconANGLE.
Generated insight by OnAirToday AI
Cisco’s forecast puts AI infrastructure at the center of its growth outlook. A projected doubling in fiscal 2027 signals the scale of expansion the company expects in this business.
Comments
Keep comments relevant and respectful. No links, advertising, self-promotion, or spam.