💨 Abstract

Cisco Systems raised its annual revenue forecast to $56-$56.5 billion for FY 2025, up from $55.3-$56.3 billion, due to increased demand for cloud networking gear driven by AI technology investments. This growth is fueled by corporate customers investing in AI infrastructure to accelerate their digital transformation, boosting demand for data centers that use Cisco products.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖