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San Jose, CA–May 15, 2025– Cisco Systems Inc. has increased its revenue and profit projections, driven by the growing demands for network equipment as well as infrastructure improvements linked to the rise of artificial technology (AI) use.
The company now expects to generate revenues between $56.5 billion and $56.7 billion in fiscal year 2025, up from its earlier forecast of $56 billion to $56.5 billion. It also projects adjusted earnings per share for 2025 to range from $3.77 to $3.79, exceeding the previous estimate of $3.68 to $3.74.
The forecast boost came as Cisco reported stronger-than-expected quarterly results, driven in part by enterprise investments in AI-driven data centers and cloud infrastructure. “We are seeing the benefits of strategic investments in AI and security,” stated the CEO Chuck Robbins during the earnings conference call.
In a separate announcement, Cisco revealed a leadership transition. Chief Financial Officer Scott Herren will retire on July 26, 2025, after nearly a decade with the company. Mark Patterson, currently Cisco’s Chief Strategy Officer, will succeed him as CFO on July 27. Patterson brings over 25 years of experience at Cisco and has played a pivotal role in its long-term planning and strategic acquisitions.
Cisco shares rose 3.8% in after-hours trading following the announcements.
With AI continuing to reshape enterprise IT spending, Cisco appears well-positioned to ride the wave of demand—and now, with fresh leadership at the financial helm, it’s doubling down on future growth.
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