Cisco raises full-year revenue forecast
ReutersFeb 12, 2025 9:08 PM
Feb 12 (Reuters) - Cisco Systems CSCO.O raised its annual revenue forecast on Wednesday, betting on higher demand for its cloud networking gear amid a boom in the artificial intelligence technology.
The company expects its revenue to be between $56 billion and $56.5 billion for fiscal 2025, compared with its prior forecast of $55.3 billion to $56.3 billion.
Analysts, on average, expect $55.99 billion, according to data compiled by LSEG.
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