Cisco Beats Fiscal Q1 Estimates and Raises Full-Year Forecasts
Cisco reported better-than-expected fiscal first-quarter results and raised its full-year forecasts, citing strong demand for networking gear from AI data centers. CEO Chuck Robbins said the networking market is in the early stages of a “super cycle.”
Cisco Systems, Inc. (CSCO) reported better-than-expected fiscal first-quarter results and raised its full-year forecasts on Thursday, signaling strong demand for its networking gear from AI data centers, with CEO Chuck Robbins saying the market is in the early stages of a “networking super cycle.”H…