Cisco Q1 Revenue Beats on Networking Demand
OverviewOutlookResult DriversCompany press release:Key DetailsAnalyst CoverageReuters Recommended ReadsFor questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.(This story was created using…
Story updates
09:26:25 PM UTC
SquawkNews
Cisco's fiscal first-quarter revenue of $18.5 billion marks the company's strongest revenue growth rate in over 15 years, the company said. The 24% year-over-year increase was driven primarily by a 43% jump in networking product sales, reflecting broad demand from enterprise and cloud customers bui…
09:27:01 PM UTC
SquawkNews
UPDATE 1-Cisco raises annual revenue forecast on strong AI networking demand Adds details and backgr
09:43:06 PM UTC
SquawkNews
By Natalie WegerCisco Systems raised its outlook for the year after revenue and profit soared in its latest quarter, driven by high demand in the agentic artificial-intelligence market.The networking-equipment company on Thursday posted a first-quarter profit of $4.55 billion, or $1.14 a share, com…
OverviewOutlookResult DriversCompany press release:Key DetailsAnalyst CoverageReuters Recommended ReadsFor questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.(This story was created using…