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Cisco has unveiled its financial outcomes for the second quarter, revealing a revenue of $15.3 billion, which outperformed analysts' predictions of $15.12 billion. Breaking it down, product revenue stood at $11.64 billion, and adjusted earnings per share reached $1.04, both surpassing forecasts. Meanwhile, service revenue amounted to $3.71 billion, coming in just a tad below expectations. A standout figure was the surge in orders from artificial intelligence hyperscale cloud service providers, hitting $2.1 billion. Consequently, Cisco has revised its full-year revenue projection upwards to a range of $61.2 billion to $61.7 billion. Additionally, the company anticipates third-quarter revenue to land between $15.4 billion and $15.6 billion, once again exceeding analysts' expectations of $15.18 billion.
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