Cisco Systems Inc Reports Q3 Results Exceeding Expectations

Cisco Systems Inc has announced its Q3 results, which have exceeded market expectations. Key highlights include:

• Revenue: $13.4 billion, surpassing the projected $12.9 billion
• Earnings: $3.15 per share, exceeding the forecasted $2.95 per share

The company’s AI orders have reached a milestone of $600 million, marking a significant increase in demand for its AI solutions.

Revenue Growth Drivers

Cisco’s revenue growth has been driven by:

• Continued demand for network and data center switches
• Strong growth in cloud AI orders

Stock Price Performance

Cisco’s stock price has surged, with a 6.7% increase in the past quarter. Analysts predict that the stock price may reach new all-time highs.

Community Recognition

Cisco’s crisis response community volunteers have been recognized for their efforts in staying connected during challenging times.

Key Statistics

• Revenue: $13.4 billion
• Earnings: $3.15 per share
• AI orders: $600 million
• Stock price increase: 6.7%