Cisco Hits AI Target a Quarter Early
Here's our initial take on Cisco Systems' (NASDAQ: CSCO) third-quarter financial report.
Cisco posted solid year-over-year growth and topped Wall Street expectations while also issuing guidance for the final three months of its fiscal year that were ahead of what analysts had expected.
Sales of security equipment led the way, up 54% from a year ago, and Cisco is increasingly proving its relevance in the AI conversation. The company said it took more than $600 million in AI infrastructure orders in the quarter, surpassing its $1 billion target for the full fiscal year one quarter ahead of schedule.
Source Fool.com
Cisco Systems Inc. Aktie
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