Cisco pops on increased full-year revenue forecast
1. Cisco reported 6% share price increase post strong fiscal results. 2. Revenue grew by 9% year-over-year, reversing four quarters of decline. 3. AI infrastructure orders surpassed $350 million during the latest quarter. 4. Splunk acquisition boosted security revenue by 117%, exceeding expectations. 5. Adjusted earnings forecast raised for 2025, surpassing analyst estimates.