Cisco Systems shares rise in Europe after forecasts upgrade

By Reuters   |   3 weeks ago
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)

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