Cisco Sees AI Sales Picking Up But Sticks to Cautious Outlook

Cisco Systems Inc., the largest maker of machines that run computer networks and the internet, gave a cautious forecast for the current fiscal year, even as sales from artificial intelligence projects begin to pick up.

Revenue will range from $59 billion to $60 billion in the fiscal year that runs through July 2026, the company said in a statement Wednesday. That’s in line with the average Wall Street estimate of $59.5 billion, though some analysts were looking for more than $61 billion.