04:59 PM EST, 11/12/2025 (MT Newswires) -- Cisco Systems ( CSCO ) reported fiscal first-quarter results that exceeded Wall Street's estimates as demand for the networking equipment maker's products grew.

Adjusted per-share earnings rose to $1 during the three months ended Oct. 25 from $0.91 a year earlier, beating the $0.98 consensus estimate on FactSet. Revenue increased 8% to $14.88 billion, compared with the Street's $14.78 billion view.

Shares were up 6.9% in after-hours trade.

Product sales grew 10% from a year earlier to $11.08 billion, driven by a double-digit gain in networking. The services segment rose 2% to $3.81 billion.

Artificial intelligence infrastructure orders from hyperscaler customers totaled $1.3 billion, reflecting "significant" growth acceleration, Cisco ( CSCO ) said.

Tigress Financial Intelligence said in a note emailed Monday that Cisco ( CSCO ) is benefiting from strong demand for AI-driven network equipment.

"Cisco's ( CSCO ) multi-year AI-driven cycle represents a material opportunity for sustained growth and margin leverage as technology shifts to more distributed, intelligent infrastructure platforms," Tigress Financial Intelligence Chief Market Strategist Ivan Feinseth wrote. "I believe further upside exists from current levels and continue to recommend purchase."

Cisco ( CSCO ) now forecasts fiscal 2026 adjusted EPS of $4.08 to $4.14, compared with the previous outlook for $4 to $4.06. Revenue is pegged between $60.2 billion and $61 billion from the prior $59 billion to $60 billion range. Analysts polled by FactSet expect normalized EPS of $4.04 and revenue of $59.64 billion.

For the second quarter, Cisco ( CSCO ) projects adjusted EPS of $1.01 to $1.03 and revenue between $15 billion and $15.2 billion. The consensus estimates are $0.98 and $14.62 billion, respectively.

"Our relevance in AI continues to build, and we have a multi-year, multi-billion-dollar campus refresh opportunity starting to ramp, with strong demand for our refreshed networking products," Chief Financial Officer Mark Patterson said.