Good morning. Cisco Systems , long anchored in its networking hardware business—selling routers, switches, and other infrastructure products—has repositioned itself to meet surging enterprise demand for AI infrastructure. Its new chief financial officer, Mark Patterson, is now at the center of that strategy.

The San Jose–based communications giant ( No. 83 on the Fortune 500) reported earnings on Wednesday for its fiscal fourth quarter and year that ended on July  26. AI infrastructure orders from webscale customers reached more than $800 million in Q4, bringing fiscal 2025’s total to over $2  billion—more than double the $1  billion target first set in Q4 fiscal 2024.

Quarterly revenue came in at $14.7  billion, up 8% from a year earlier and slightly ahead of the $14.62  billion

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