Cisco Systems raised annual revenue forecast on Wednesday, a sign of improving demand as the computer networking equipment maker shifts focus to cybersecurity, cloud systems and AI-driven products.Companies have ramped up investments in AI technologies which require heavy computing power,

Companies have ramped up investments in AI technologies which require heavy computing power, creating a spike in demand for data centers, which use Cisco's products such as ethernet switches and routers. The company now expects annual revenue to be between ...

Cisco Systems Inc., the biggest maker of computer networking equipment, gave a strong revenue forecast for the current period, signaling an uptick in corporate spending on computer infrastructure.

Cisco Systems (CSCO) reported fiscal first-quarter earnings that exceeded analysts’ expectations and raised its full-year forecast, despite declining revenues. The networking-equipment provider reported first-quarter net income of $2.