May 13 (Reuters) - Cisco raised its annual revenue forecast on Wednesday, signaling that a surge in orders for its AI-powered networking equipment is set to drive growth.
The company now sees fiscal 2026 revenue in the range of $62.8 billion to $63 billion, compared with its earlier forecast of $61.2 billion to $61.7 billion.
(Reporting by Juby Babu in Mexico City; Editing by Shinjini Ganguli)
Cisco Systems, Inc. is the world leader in designing, developing, and marketing Internet network equipment. Net sales break down by family of products and services as follows:
- network equipment (59.1%); switches and routers, technological software and systems (storage, Internet access, and security systems, wiring, gateways, connection interfaces and modules, etc.), etc.;
- services (26.6%): technical assistance, network design, execution, and integration services, etc.;
- security products (14.3%).
Net sales are distributed geographically as follows: Americas (59.4%), Europe/Middle East/Africa (26.2%) and Asia/Pacific (14.4%).
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