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Cisco raises annual revenue forecast on strong AI networking demand

Reuters
Cisco raises annual revenue forecast on strong AI networking demand

Nov ‌12 (Reuters) - Cisco raised ​its ‌full-year revenue ‌forecast on Thursday, ‌betting on strong demand for its ⁠AI ‌networking equipment ⁠and cybersecurity tools.

The ​company expects fiscal ​2027 revenue ​in ‌the range ​of $74.8 ⁠billion ‌to $75.8 billion, ​compared ​with its previous forecast of $72.2 billion ‌to $73.4 billion.

(Reporting ‌by Anzar ​Mehraj in Bengaluru; Editing by ‌Sriraj Kalluvila)