networking

Cisco’s networking segment includes gear used in AI data centers, and it has seen growth as enterprise demand for AI infrastructure continues to rise.

Cisco CEO Chuck Robbins has a bullish outlook, saying the networking company is tracking its strongest year yet, propelled by strong demand for artificial intelligence and the critical role of secure networking.

Cisco shares were up as much as 8% in after-hours trading tonight following a strong report from the networking firm.

The latest results showed that the provider of networking equipment and services grew revenue by 8% in its fiscal first quarter, to $14.9 billion.

“The widespread demand for our technologies highlights the critical role of secure networking and the value of our portfolio as customers move quickly to unlock the potential of AI,” Robbins said.