Cisco projects upbeat quarterly revenue as AI fuels networking equipment demand

FILE PHOTO: A logo of CISCO sits outside the company's house on the opening day of the 55th annual meeting of the World Economic Forum (WEF) in Davos, Switzerland, January 20, 2025. REUTERS/Yves Herman/File photo

(Reuters) -Cisco Systems forecast first-quarter revenue above Wall Street estimates on Wednesday, as the artificial intelligence boom boosted demand for its networking equipment from cloud customers.

Hyperscale cloud investments are healthy and driving IT infrastructure financing, which sets up a good backdrop for Cisco.