Cisco Systems forecast quarterly revenue and profit above Wall Street estimates after posting upbeat first-quarter results, helped by improving demand for its networking gear amid the AI boom.
Cisco Systems raised annual revenue forecast on Wednesday, a sign of improving demand as the computer networking equipment maker shifts focus to cybersecurity, cloud systems and AI-driven products.
Cisco’s networking segment includes the core switching and routing businesses, as well as the company’s telecommunications, cloud, and optical networking products. Networking, a typically ...
Broadcom also announced VeloRAIN, a new networking architecture that uses AI/ML to improve the performance and security of distributed AI workloads. Nov. 12, 2024: Focus, innovation and investment ...
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