Cisco’s Stock Pops After Smashing Earnings—Thanks to $1.3 Billion in AI Orders
Cisco just dropped its latest earnings report—and investors are loving it. The company blew past expectations for both profit and sales in its fiscal first quarter, sparking a more than 7% jump in the stock after Wednesday’s closing bell.
So, how did the numbers stack up? Here’s the breakdown compared to Wall Street’s predictions:
Sales climbed 8% compared to the same period last year, while net profit also inched higher. This isn’t just a one-off: it’s the fourth quarter in a row that Cisco has posted growth, finally breaking a rough streak of declines tied to economic headwinds and slower government spending.
The real standout? Its traditional networking business. Revenue there surged 15% to $7.77 billion—way ahead of what…
