💨 Abstract

Cisco Systems has increased its annual revenue forecast, expecting $56-$56.5 billion for fiscal 2025, driven by increased demand for cloud networking gear in the AI technology boom. This follows corporate investments in AI infrastructure for digital transformation, leading to higher demand for data centers that use Cisco's products like ethernet switches and routers. The company's shares rose nearly 7% in extended trading.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖