Cisco lifts FY guidance after Q2 results beat expectations
Cisco (NASDAQ:CSCO) on Wednesday lifted its full-year outlook after reporting fiscal second-quarter results that topped Wall Street analysts amid rising AI-related demand, News.az reports citing Reuters.
For the three months ended Jan. 25, Cisco reported Q2 adjusted eps of $0.94 on revenue of $13.99 billion. Analysts polled by Investing.com anticipated EPS of $0.91 on revenue of $13.87B.
The company guided fiscal Q3 EPS in the range of $0.90-to-$0.92, with revenue between $13.9B and $14.1B.
Looking further ahead, the company said it now sees adjusted EPS of $3.68 to $3.74 on revenue of $56.0B to $56.5B, compared with prior expectations for adjusted EPS of $3.60 to $3.66 on revenue of $55.3B to $56.3B.
"As AI becomes more pervasive, we are well positioned to help our customers scale their network infrastructure, increase their data capacity requirements, and adopt best-in-class AI security." the company said.
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