Cisco Delivers Strong Earnings as AI Infrastructure Orders Grow
1. Cisco's revenue rose 11% YoY to $14.15 billion, exceeding projections. 2. Adjusted net income improved to $3.83 billion, surpassing analyst estimates. 3. AI infrastructure orders exceeded $600 million, boosting yearly total above $1 billion. 4. Cisco forecasts Q4 revenue of $14.5B to $14.7B, above analyst expectations. 5. Company unveiled a quantum computing chip, promising accelerated applications.