Cisco Systems Reports Strong Q3 2024 Performance with Splunk Acquisition Boost
Thursday, 16 May 2024, 02:30
Cisco Systems Earnings Call Insights Q3 2024
Cisco Systems delivered a solid performance in Q3 2024, meeting guidance and showing strong operating leverage. The acquisition of Splunk is expected to drive revenue synergies, transforming the business model with a focus on AI infrastructure. Cisco's core business is projected to normalize in FY '25, with an expected increase in demand and revenue growth opportunities.
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