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Business > Foreign Business
Cisco beats earnings expectations as AI spurs networking gear demand
By Reuters
Nov 15, 2024 12:04 am

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 Artificila intelligence (AI) boom.

Shares of the computer networking equipment maker were down 1.4 percent in extended trading after the company forecast annual revenue broadly in line with estimates.

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