Search
Cisco Projects Optimistic Revenue for Current Fiscal Quarter, Driven by AI-Fueled Enterprise Network Investments
2025-02-13 /
Read about 0 minute
Author：小编
On February 12th, networking equipment giant Cisco unveiled an encouraging revenue forecast for the ongoing fiscal quarter, anticipating earnings to fall within a range of $13.9 billion to $14.1 billion. This projection surpasses the lower bound of analysts' prior expectations. Cisco attributes this upbeat outlook to heightened enterprise spending on computing infrastructure, spurred by the increasing adoption of artificial intelligence technology. Furthermore, the company has elevated its fiscal year 2025 revenue target by roughly $1 billion, aiming for over $56 billion, which surpasses the consensus estimate of $55.97 billion. In the wake of this positive news, Cisco's share price surged approximately 6% during after-hours trading.
-
C114 Communication Network -
Communication Home
7 X 24 Track global technological trends
