Cisco reported adjusted earnings per share of $1.40 for its first quarter of fiscal 2027, beating the $1.35 consensus, and revenue of $18.52 billion, up 24% year over year. Networking led the growth with a 43% increase, while Security, Collaboration and Observability grew by 7%, 8% and 2%, respectively. The company raised its full-year revenue guidance to $74.8 billion to $75.8 billion and its non-GAAP earnings-per-share outlook to $5.47 to $5.53. Cisco now expects $9 billion in AI infrastructure revenue from hyperscale cloud providers during fiscal 2027, more than double the total generated in fiscal 2026. For the second quarter, the company forecasts revenue of $18.0 billion to $18.2 billion and non-GAAP earnings per share of $1.34 to $1.36.
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