IBM, Cisco aim to scale, network quantum systems
IBM and Cisco said they will build a connected network of quantum computers that will look to scale to hundreds of thousands of qubits.
IBM and Cisco said they will build a connected network of quantum computers that will look to scale to hundreds of thousands of qubits.
Cisco reported better-than-expected first quarter results, raised its outlook and said it landed more AI infrastructure orders from hyperscalers and posted strong networking growth.
Chuck Robbins, CEO of Cisco, said "the AI infrastructure orders we received from webscale customers in fiscal 2025 were more than double our original target."
Cisco outlined a series of AI infrastructure, security products and software designed to support AI agents, hyperscale data centers and enterprises for various workloads.
Cisco reported better-than-expected third quarter earnings as the company saw a surge in AI infrastructure demand and strong results from Splunk.
Cisco delivered strong second quarter results powered by Splunk and strong demand for AI infrastructure.
Cisco reported better-than-expected first quarter results and said it saw "acceleration in product orders reflecting normalizing demand."
Cisco projected first quarter revenue of $13.65 billion to $13.85 billion with non-GAAP earnings of 86 cents a share to 88 cents a share. Fiscal 2025 revenue will be between $55 billion to $56.2 billion with non-GAAP earnings of $3.52 a share to $3.58 a share.
Splunk launched a new set of generative AI tools across its products, security operations additions, and data management applications as well as more Cisco integrations.