Thursday, 13 February, 2025

Cisco Boosts Annual Revenue Forecast Amid AI-Driven Networking Gear Demand

Cisco Systems has raised its annual revenue forecast to $56–$56.5 billion, citing increased demand for cloud networking equipment driven by artificial intelligence advancements. The company reported second-quarter revenue of $14 billion, surpassing expectations, and announced a $15 billion increase in its share buyback program. Recent collaborations, including a partnership with French AI firm Mistral, aim to enhance AI-driven automation and enterprise security.