Cisco Leverages Generative AI Capabilities Across its Portfolio
Global networking solutions provider Cisco (Nasdaq: CSCO) recently announced its second quarter results that outpaced market expectations. Cisco continues to focus on providing solutions for the hybrid workspace and leveraging generative AI capabilities into its existing offerings portfolio. Cisco's FinancialsCisco's Q3 revenues grew 14% to $14.6 billion, ahead of the Street's forecast of $14.39 billion. Adjusted EPS increased 15% to $1.00, ahead of the market's estimate of $0.97. By segment, product revenues grew 17% to $11.1 billion and subscription revenues grew 3% to $9...