Browsing: beat

Surging demand for Cisco’s AI networking equipment and a ‘multi-billion-dollar’ refresh in its legacy business sparked upbeat results and guidance.

The software company’s second quarter results exceeded revenue and earnings predictions.

Higher-than-expected AI infrastructure orders boosted Cisco’s revenues, with the company beating earnings expectations and cheering a “massive opportunity ahead.”

Johnson & Johnson’s stock gets a boost from an earnings beat and raised full-year outlook.