Cisco reports earnings and revenue beat, issues better-than-expected forecast

Core Insights - Cisco reported earnings and revenue that exceeded analysts' expectations, with revenue increasing by 11% year-over-year to $14.15 billion and net income rising to $2.49 billion, or 62 cents per share [1][5] - The company provided guidance for fiscal 2025, projecting earnings per share between 96 cents and 98 cents on revenue of $14.5 billion to $14.7 billion, surpassing analyst predictions [2] Financial Performance - Revenue for the quarter ending April 26 was $14.15 billion, up from $12.7 billion a year earlier, while net income increased from $1.89 billion to $2.49 billion [1] - Adjusted earnings per share were reported at 96 cents, slightly above the expected 92 cents [5] Business Segments - Networking revenue rose by 8% to $7.07 billion, exceeding the expected $6.81 billion [4] - Security product revenue surged by 54% to $2.01 billion, although it fell short of the $2.17 billion consensus [4] Strategic Initiatives - Cisco secured over $600 million in artificial intelligence infrastructure orders from web companies, totaling over $1.25 billion for the fiscal year, surpassing the $1 billion mark ahead of schedule [3] - The company launched a Webex AI agent for customer service and introduced Ethernet switches with AMD Pensando data processing units [3]