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Cisco forecasts upbeat fourth-quarter revenue on enterprise demand

(Reuters) -Cisco Systems forecast fourth-quarter revenue above Wall Street estimates on Wednesday as the network equipment maker benefits from a pick up in enterprise spending and easing supply chain constraints. The company's shares rose 5% in trading.

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Cisco forecasts fourth-quarter revenue above estimates on enterprise demand, ET Telecom

In recent quarters, Cisco has benefited from an increase in spending, with companies trying to boost their growing artificial intelligence and cloud computing needs.

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Cisco forecasts upbeat fourth-quarter revenue on enterprise demand

Cisco forecasts upbeat fourth-quarter revenue on enterprise demand
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Cisco Forecasts Upbeat Fourth-Quarter Revenue on Enterprise Demand

Cisco Forecasts Upbeat Fourth-Quarter Revenue on Enterprise Demand
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Opinion: Cisco could be a late bloomer in generating big AI revenue

Cisco CFO Scott Herren said he expects “the majority of that billion dollars in orders will turn into revenue in our fiscal 2025.”

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