Cisco Shares Jump 18% as Cloud Providers Increase AI Product Orders
Cisco reported 12% revenue growth to $15.8B and forecast 14% growth, driven by major cloud providers increasing AI networking equipment orders.
Excerpt
<p>Cisco Systems reported revenue grew 12% to $15.8 billion in its April quarter compared to last year—up 2% from last quarter—and forecast 14% growth for its current quarter. On an earnings call, Cisco executives said the acceleration stems from major cloud providers ordering more networking ...</p>
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