Cisco are reaping the benefits as businesses increasingly migrate workloads to the cloud and upgrade campus infrastructure.

Cisco Systems CSCO-Q raised its annual revenue forecast on Wednesday, banking on multi-billion-dollar data centre expansions to drive demand for its networking equipment.

Shares of the San Jose, California-based company rose 4 per cent in extended trading.

Tech firms are investing tens of billions of dollars to expand data centre operations in response to the surging adoption of AI models.

Companies such as Cisco are reaping the benefits as businesses increasingly migrate workloads to the cloud and upgrade campus infrastructure to support the growing demand of AI technology.

The company expects fiscal 2026 revenue to be between US$60.2-billion and US$61-billion

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