Cisco Surpasses Expectations with 18% Revenue Growth and Hyperscaler Demand

Cisco's fiscal fourth-quarter performance exceeded Wall Street expectations, with revenue growing 18% to $16.51 billion and net income advancing 51% to $3.72 billion.

The company's networking orders climbed 40% against the comparable quarter a year earlier, driven by hyperscaler artificial intelligence demand.

Sunnov Investment Director Thomas Gardner highlighted that the distance between orders taken and revenue booked is 'the clearest measure of how much of this cycle still lies ahead.'