Cisco's AI-Driven Earnings Surge, Shares Soar

Ciscos earnings beat expectations, with adjusted EPS of $1.06 and revenue of $15.84 billion, a 12% increase from last year. Guidance for the next quarter is even stronger, with EPS of $1.66-$1.88 and revenue of $16.7-$16.9 billion. Cisco is also making strides in AI, announcing new switches and routers and securing $5.3 billion in infrastructure orders from hyperscalers. Shares surged 14% in after-hours trading, topping dot-com era highs. Execs will discuss these results in a call with analysts at 4:30 PM Eastern. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/fd6e50510a0c553c