Cisco Raises Outlook On Revenue Profit Growth
· Business · Wall Street Journal, Bloomberg
Cisco Systems raised its full-year revenue and profit outlook as quarterly revenue surged 12% to $13.2 billion driven by strong demand for networking equipment. The company reported $1.25 per share earnings, up 25% year-over-year, and forecasted full-year revenue of $53.8 to $54.2 billion. CEO Chuck Robbins highlighted sustained growth in software subscriptions and cybersecurity solutions during the earnings call. The upbeat guidance signals confidence in Cisco's ability to maintain momentum in the enterprise technology sector.
Why it matters
The improved outlook reassures investors and positions Cisco as a key player in India's growing digital infrastructure and cybersecurity investments, potentially boosting confidence in tech sector earnings across Indian markets.
Read the original report — Wall Street Journal
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