Aug 13 (Reuters) - Cisco Systems ( CSCO ) forecast
first-quarter revenue above Wall Street estimates on Wednesday,
as the artificial intelligence boom boosted demand for its
networking equipment from cloud customers.
Enterprises such as Cisco ( CSCO ) have been benefiting as more
businesses move workloads to cloud environments and modernize
campus footprints to prepare for AI technologies.
"The AI infrastructure orders we received from webscale
customers in fiscal 2025 were more than double our original
target, indicating a massive opportunity ahead as we lead the
required architectural shift and build the critical
infrastructure needed for the AI era," CEO Chuck Robbins said.
The company expects its revenue to be between $14.65 billion
and $14.85 billion during the first quarter, compared with
analysts' average estimate of $14.62 billion, according to data
compiled by LSEG.
Its revenue for the fourth quarter ended July 26 came in at
$14.67 billion, compared with estimates of $14.62 billion.