00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Cisco shares rose in extended trading Thursday after the company reported fiscal first quarter
00:08earnings and revenue that exceeded Wall Street expectations, according to CNBC.
00:13Adjusted earnings reached $1.40 per share on revenue of $18.5 billion, up 24% from a year
00:21earlier. Analysts expected $1.33 per share on revenue of $18.1 billion.
00:29Cisco raised its fiscal year AI infrastructure revenue forecast from hyperscalers to $9 billion,
00:36more than double fiscal 2026. The company also issued second quarter guidance above analyst
00:42estimates. Cisco expects revenue between $18 billion and $18.2 billion and adjusted earnings
00:49of $1.34 to $1.36 per share. Cisco shares have gained about 35% this year, compared
00:58with the NASDAQ's 9% increase. For all things money, visit Benzinga.com.
