Cisco posted record revenue on surging AI orders — and is cutting nearly 4,000 jobs

The networking giant raised its full-year AI infrastructure order forecast to $9 billion as it shifts investment toward silicon, optics, and security

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Cisco $CSCO posted record quarterly revenue of $15.84 billion in its fiscal third quarter, a 12% increase from a year earlier, driven by a surge in AI-related infrastructure orders. Alongside the earnings report, Cisco disclosed plans to eliminate nearly 4,000 positions — a figure that amounts to under 5% of its global headcount — as part of a broader effort to funnel resources into AI and adjacent growth businesses.

On a GAAP basis, quarterly profit climbed to $3.37 billion, equivalent to $0.85 per diluted share, compared with $2.49 billion, or $0.62 per share, in........

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