Cisco Systems has shifted focus from its traditional networking hardware business to AI infrastructure to capitalize on rising enterprise demand. Reported earnings showed that AI infrastructure orders exceeded $800 million in Q4, totaling over $2 billion for fiscal 2025, surpassing previous targets. The company reported quarterly revenue of $14.7 billion, an 8% increase year-over-year. New CFO Mark Patterson, who succeeded Scott Herren, is central to this strategy, which includes significant acquisitions like the $28 billion purchase of Splunk and the introduction of the AI-native security system, Hypershield.
In Q4, revenue, gross margin and operating margin were at the high end of our guidance ranges, earnings per share was above the guidance range and we delivered solid operating cash flow.
AI infrastructure orders from webscale customers reached more than $800 million in Q4, bringing fiscal 2025's total to over $2 billion-more than double the $1 billion target first set in Q4 fiscal 2024.
Collection
[
|
...
]