Cisco Gives Solid Forecast, Lifted by Corporate Spending
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Cisco Systems Inc., the largest seller of networking gear, gave an upbeat sales forecast for the current quarter, helped by companies spending more on computing infrastructure to take advantage of AI technology.
Revenue in the quarter ending in April will be $13.9 billion to $14.1 billion, Cisco said in a statement Wednesday. Analysts had predicted a figure at the bottom end of that range.
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