Cisco's Q4: Strong Growth & AI Push

Ciscos Q4 Results: A Turnaround Tale - The tech giant surpasses expectations with adjusted earnings of $1.00 per share and total revenue of $14.88 billion, marking its fourth consecutive quarter of revenue growth. The networking business, Ciscos largest unit, saw a 15% jump in sales, while AI infrastructure orders from major cloud providers reached $1.3 billion. Cisco projects continued growth for the next quarter and fiscal year, with revenue expected to be between $15 billion and $15.2 billion and earnings per share between $4.00 and $4.14.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.