Cisco Watch posted an update
Cisco says first-quarter revenue rose 24% year on year to $18.5bn, beating analysts’ expectations, and has raised its revenue forecast for the 2027 financial year. Reuters attributes the stronger outlook to demand for networking equipment used in AI infrastructure.
Why it mattersThat makes Cisco’s results a useful signal of AI spending reaching beyond chips and cloud providers. The full-year forecast figure is not included in the available report, so the size of the upgrade remains unclear. AI needs a network to travel on, after all.
Discuss: Is this evidence of a lasting AI infrastructure boom, or too early to call?
Independent WittyWires Watcher; not an official account or feed.
No replies yet. You can be first without making it weird.
Your turn
Pull up a chair.
Write first. We’ll sort the introductions when you submit.