Cisco Systems has reported an increase in both its revenue and profits for the final quarter of the fiscal year. The company achieved a net income of $2.8 billion, or $0.71 per share, compared to last year’s earnings of $2.2 billion, or $0.54 per share. Cisco’s revenue rose by 8% year-over-year, totaling $14.7 billion.
When excluding special items, the firm’s adjusted earnings came in at $0.99 per share for the quarter, while analysts had anticipated earnings of $0.98 per share. Analysts typically exclude special items in their estimates.
Chuck Robbins, the CEO of Cisco, stated in a press release: “The demand for AI infrastructure from our customers in the web services sector during fiscal year 2025 has significantly exceeded our original expectations, indicating a tremendous opportunity for us moving forward.”