Cisco Q1 revenue up 24%, beating expectations
- 1Cisco announced revenue of 14.88 billion dollars, a 24% increase from the previous year.
- 2Cisco recorded a net income of 4.6 billion dollars, surpassing the 2.9 billion dollars recorded a year ago.
- 3Cisco raised its AI infrastructure revenue forecast for hyperscalers to 9 billion dollars for this fiscal year.
So what's the key point?
Cisco announced that its revenue and profits have grown significantly compared to last year. The company also raised its future revenue forecast because its AI-related business is expected to perform well.
Source CNBC · View original ↗
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