Cisco (CSCO) reported fiscal third-quarter revenue and profits that topped🔯 analysts’ projections, thanks in part to strong demand for AI infrastructure.

The networking-equipment provider’s revenue rose 11% year-over-year to $14.15 billion, above the analyst consensus from Visible Alpha. Adjusted net income of ꧅$3.83 billion, or 96 cents per share, improved f𝐆rom $3.55 billion, or 88 cents per share, in the year-ago quarter and exceeded estimates.

The gains came as AI infras🌞tructure orders surpassed $600 million in the period, which Cisco said brought its yearly total above $1 billion a quarter ahead🍌 of schedule.

The results show "clear demand for our technologies," CEO Chuck Robbins said. "The momentum we are seeing with AI is fueled by the power of our secure networking portfolio, our trusted global partnerships, and the value we bring to our customers."

Looking ahead, Cisco projected fiscal fourth-quarter revenue of $14.5 billion to $14.7 billion and adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share of 96 cents to 98 cents. A𓆉nalysts were looking for $14.53 billion and EPS of 95 cents, respectively.

The results come after Cisco earlier this month unveiled a🌠 quantum computing chip it claims “♏could accelerate impactful quantum computing and networking applications from decades away to just 5-10 years.”

Cisco shares gained over 3% in after-hours trading. The stock was up close to 4% for 2025 through Wednesday’s close.