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Thoughts from Cisco’s third-quarter earnings results
- Cisco Systems Inc. reported a strong third quarter, surpassing expectations and raising the bar.
- AI revenue is on the rise for Cisco, with $600 million in AI product orders exceeding the $1 billion target by 2025.
- Tariffs and macroeconomic factors are not slowing down Cisco's business, with customers prioritizing AI investment and modernization.
- Cisco's business is performing well across different segments, with product revenue up 15% and services up 3%.
- Cisco's partnership with Nvidia is promising, leveraging each company's strengths in AI and networking.
- Cisco is making strides in the quantum networking space, indicating a commitment to stay ahead of market trends.
- The company experienced changes in leadership, with CFO Scott Herren retiring and Mark Patterson taking over. Jeetu Patel was named president.
- Overall, Cisco's focus on AI, platform strategy, and emerging technologies positions it well for continued growth.
- Zeus Kerravala from ZK Research provides insights on Cisco's performance in the third quarter.
- Cisco has emphasized internal promotions for key roles to maintain a cohesive executive team and drive growth.
- The article was written by Zeus Kerravala for SiliconANGLE, highlighting key takeaways from Cisco's earnings report.
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