Cisco Systems Inc Reports Q3 Results Exceeding Expectations

Cisco Systems Inc has announced its Q3 results, which show higher revenue and earnings compared to previous quarters. Key highlights include:

• Revenue: $13.4 billion (up from $12.8 billion in Q2)
• Net income: $3.2 billion (up from $3.1 billion in Q2)

The company’s AI orders have reached $600 million, a significant increase from previous quarters. This growth is attributed to:

• Network and data center switch orders: Continued growth in this area has contributed to the company’s success.
• Cloud AI orders: Accelerating growth in this segment has also driven revenue.

The stock price has risen in response to the positive outlook, driven by Cisco’s ability to adapt and innovate in the rapidly evolving technology landscape.