Cisco Posts Record Revenue, AI Infrastructure Orders Hit $4 Billion; Current-Quarter Guidance Beats Expectations | Earnings Review

In the fourth fiscal quarter, Cisco's revenue and earnings both exceeded expectations, with revenue up 18% year-over-year and EPS up 23%. Cisco attributed the performance to "broad-based, record demand" for its technology. The midpoint of its current fiscal year revenue and EPS guidance is approximately 6% higher than analyst expectations. Shares initially rose nearly 8% in after-hours trading before turning lower, falling over 6% at one point. Update pending.