Cisco's performance is improving, raising full-year revenue expectations, and quarterly guidance exceeds expectations
Cisco's revenue for the second fiscal quarter was $15.3 billion, exceeding analysts' expectations of $15.12 billion. Product revenue was $11.64 billion, and service revenue was $3.71 billion, both below expectations. The adjusted earnings per share were $1.04, slightly above expectations. The company raised its full-year revenue forecast to $61.2 billion - $61.7 billion and expects third-quarter revenue to be $15.4 billion - $15.6 billion
Cisco's revenue for the second fiscal quarter was $15.3 billion, while analysts expected $15.12 billion. Orders from AI HyperScaler accelerated to $2.1 billion in the second fiscal quarter. The company expects full-year revenue to be between $61.2 billion and $61.7 billion, up from the previous estimate of $60.2 billion to $61 billion. For the third fiscal quarter, revenue is expected to be between $15.4 billion and $15.6 billion, while analysts anticipated $15.18 billion.
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