Categories: Business

Cisco Systems shares rise in Europe after forecasts upgrade

(Reuters) -Cisco Systems shares were up over 8% in early Frankfurt trading on Thursday, after the company raised full-year forecasts for profit and revenue. Cisco is betting on robust demand for its networking equipment driven by multi-billion-dollar data centre expansions amid the artificial intelligence boom.  (Reporting by Danilo Masoni; Editing by Amanda Cooper)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

Indianews Syndication

Recent Posts

Shelaji Receives Iconic Luxury Project Award for ‘The Legacy’

Mumbai (Maharashtra) [India], January 2: Mumbai’s real estate market continues to mature, with greater emphasis…

47 minutes ago

Trump blocks chips deal, cites security, China-related concerns

By Kanishka Singh WASHINGTON, Jan 2 (Reuters) - President Donald Trump on Friday blocked U.S.…

1 hour ago

The Women Perfume Notes That Trigger Nostalgia (And Why)

You walk past a stranger on the street, and suddenly you’re transported back to your…

2 hours ago