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Cisco profit growth boosts markets
Reports have indicated that Cisco Systems achieved a significant jump in its profits during the third quarter, reaching $3.86 billion, marking an increase compared to last year. Its revenues also grew to $17.25 billion. The company forecasted that its revenue for the 2027 fiscal year will be between $72.2 billion and $73.4 billion, supported by the demand for artificial intelligence technologies. Additionally, the slowdown in inflation in the United States contributed to stabilizing U.S. interest rates and led to a decline in Treasury bond yields.
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