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Stock impact report

Cisco's stock jumps on earnings beat, strong guidance and $1.3 billion in AI orders [MSNBC.com]

FactSet Research Systems Inc. (FDS) 
Last factset research systems inc. earnings: 3/26 07:01 am Check Earnings Report
US:NYSE Investor Relations: investor.factset.com
Company Research Source: MSNBC.com
CiscoHere's how the company did in comparison with consensus estimates from LSEG:Revenue increased 8% from $13.84 billion in the same period a year earlier, Cisco said in astatementIt's the fourth straight quarter of growth for Cisco following a stretch of four consecutiveyear-over-year revenue declinesCisco's networking business, its biggest unit, saw sales climb 15% to $7.77 billion. Analysts were expecting revenue for that segment of $7.47 billion, according to StreetAccount.Most of the growth in data center spending is focused on artificial intelligence, as companies bolster their investments in servers packed with graphics processing units, primarily fromNvidiaintroducedCisco said that infrastructure orders from "hyperscaler customers" reached $1.3 billion, "reflecting a significant acceleration in growth.""Our relevance in continues to build," CFO Mark Patterson said in the press release. "We have a multi-year, multi-billion-dollar campus refresh opportunity starting to ramp, Show less Read more
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