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Cisco raises revenue forecast, sees 9% jump in Q2 sales, fueled by AI demand, shares up 7%.
Cisco Systems raised its annual revenue forecast due to increased demand for networking equipment from the growing AI sector.
The company reported a 9% year-over-year increase in Q2 revenue to $13.99 billion, beating estimates.
This growth, driven by corporate investment in AI infrastructure and data centers, led to a positive market reaction, with shares rising nearly 7% in after-hours trading.
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Cisco aumenta las previsiones de ingresos, ve un aumento del 9% en las ventas de Q2, impulsado por la demanda de IA, comparte un aumento del 7%.