The Zhitong Finance App learned that AI network leader Cisco (CSCO.US) released its fourth fiscal quarter results report after the market on Wednesday. Sales increased 18% year over year to US$17.3 billion, with analysts' average expectations of US$16.8 billion; earnings per share after excluding some projects were US$1.22, higher than the average forecast of US$1.17. Cisco expects sales related to AI data center construction to reach 7.5 billion US dollars this fiscal year. Investors are disappointed. Over the past year, the world's largest network equipment supplier has received a total of 9.3 billion US dollars in artificial intelligence-related orders, and the market originally expected higher performance to be achieved.
Zhitongcaijing · 1d ago
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The Zhitong Finance App learned that AI network leader Cisco (CSCO.US) released its fourth fiscal quarter results report after the market on Wednesday. Sales increased 18% year over year to US$17.3 billion, with analysts' average expectations of US$16.8 billion; earnings per share after excluding some projects were US$1.22, higher than the average forecast of US$1.17. Cisco expects sales related to AI data center construction to reach 7.5 billion US dollars this fiscal year. Investors are disappointed. Over the past year, the world's largest network equipment supplier has received a total of 9.3 billion US dollars in artificial intelligence-related orders, and the market originally expected higher performance to be achieved.
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