ResultsCNBC-TV18
Cisco lifts annual revenue forecast on AI demand
Positive+84
GreyOak summary
Cisco Systems raised its fiscal 2027 revenue forecast to $74.8-$75.8 billion, driven by strong demand for AI networking infrastructure. The company reported first-quarter revenue of $18.5 billion and adjusted profit of $1.40 per share, beating analyst estimates. CEO Chuck Robbins described the current period as the early stages of a multi-year networking supercycle.
What it affects
- AI and data centresPositive +84
Demand drives Cisco's revenue forecast raise.Rolling sentiment Positive +20
