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Cisco CEO

Coverage of Cisco CEO in the Nexus archive.

Earliest in view: May 14 · 14:48 UTCMost recent: May 14 · 16:47 UTC

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BUSINESSMay 14 · 16:47 UTCARS TECHNICA
Cisco announces record revenue and 4,000 layoffs in the same day
Cisco announced record revenue of $15.8 billion, a 12% increase year-over-year, but also began layoffs affecting 4,000 employees. Cisco CEO Chuck Robbins expressed pride in the company's growth. The layoffs started despite the company's successful financial performance.
TECHNOLOGYMay 14 · 14:48 UTCCNBC TOP
Cisco CEO says tech is entering a 'networking supercycle' as stock pops 14% on strong AI demand
Cisco's stock rose 14% after the company exceeded its guidance for AI infrastructure and hyperscaler orders for the fiscal year, with CEO stating tech is entering a 'networking supercycle'. This surge marks the best day for Cisco's shares in over two decades. The strong demand for AI is driving the growth.