Cisco Beats Earnings Expectations Amid Revenue Decline

San Jose, Thursday, 14 November 2024.
Cisco Systems reported Q1 FY2025 earnings exceeding analyst forecasts, with revenue of $13.8 billion despite a 6% year-over-year decline. The tech giant saw a 20% increase in product orders, signaling potential growth amid market challenges. Cisco’s strong performance in AI infrastructure orders highlights its strategic pivot towards emerging technologies.