Cisco Sees Network Boom Driven by Agentic AI

Cisco's executives recently spoke at the Goldman Sachs Communacopia + Technology Conference, highlighting the company's growth driven by agentic AI. According to Cisco, AI is driving a network boom, leading to significant revenue increases and a shift in technology.

Jeetu Patel, President and Chief Product Officer, and Mark Patterson, Chief Financial Officer, noted that demand for Cisco's products has been lifted by the use of large language models in the enterprise. They stated that even after removing the effects of AI, growth remains in double digits.

Cisco's revenue guidance implies 15% total growth at the midpoint, with networking revenue posting eight straight quarters of double-digit growth. The company also reported a 35% increase in overall orders over the past two quarters.