Key takeaways
- Cisco's revenue rose 24% year over year to $18.5 billion in its fiscal first quarter, and adjusted earnings per share jumped 40% to $1.40.
- Cisco now expects $9 billion in AI infrastructure revenue from hyperscalers in fiscal 2027, up from the $7.5 billion it forecast in August and more than double the roughly $4 billion it delivered…
- Despite the strong report, Cisco shares fell more than 6% the following day.
Cisco now expects $9 billion in AI infrastructure revenue from hyperscalers this fiscal year. Revenue grew 24% in the fiscal first quarter, and management raised its full-year guidance.
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