🔌Cisco gets stronger: better results, new CFO and billions of dollars in orders!
Cisco $CSCO delivered a solid performance in the second quarter. It beat analysts' estimates on all key points, added an upbeat outlook, and also announced a change in CFO.

Cisco is an American technology company that is a global leader in networking, cybersecurity and communications technology. The company also focuses on cloud solutions, artificial intelligence, data centers and security software.

📊 Results that exceeded expectations:
Earnings per share: $0.96 (expected $0.92)

Revenue: $14.15 billion (expected $14.08 billion)

Year-over-year revenue growth: +11%

Net income (GAAP): USD 2.49 billion, or USD 0.62 per share

Results primarily reflect strength in the network infrastructure segment and growing demand for security solutions and data centers. Networking revenue increased by 8 % to $7.07 billion and security product revenue jumped by 54 %, although slightly behind expectations due to the integration of the Splunk acquisition (USD 27 billion).

🤖 AI as the new growth engine
Cisco announced that it closed AI infrastructure contracts worth $1.25 billion for the full fiscal year . Customers such as Meta are exploring the use of Ethernetnetwork protocol for AI clusters instead of traditional InfiniBand. it is a cheaper and less demanding solution.

Robbins said : "Customers are comfortable with our enhanced Ethernet."

🔄 CFO change.
CFO Scott Herren retires (joining Cisco 2020 from Autodesk). He will be replaced by Mark Patterson, a longtime strategist and internal leader. This change comes at a key time when the company is facing challenges like tariffs on technology products.

📈 Outlook for FY25
Earnings per share: $0.96-0.98 (analysts: $0.95)

Revenue: USD 14.5-14.7 billion (consensus: USD 14.58 billion)

The company announced the launch of Webex AI Agent and new Ethernet switches with integrated AMD Pensandowhich will enable greater efficiency in data processing and network hardware connectivity.

🧭 Future growth:
Strong core: Traditional network infrastructure remains a stable source of revenue.

Expansion into AI: Cisco Profiles as a key player in building next-generation AI networks.

Security and Splunk acquisition: Increases presence in cybersecurity.

Webex AI. and smart switches point the way to greater client efficiency.

All of this points to a positive outlook for the company's technology future.

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