Even with record quarterly revenue, Cisco is axing jobs again. The company said it will eliminate “fewer than 4,000 roles,” representing less than 5% of its workforce, as it reorganizes around AI. That comes as revenue climbed to $15.8 billion, up 12% year over year and ahead of expectations The timing may feel counterintuitive, but…
Tag: quarterly
AI, Global Security News
Meta Reports Big Revenue Jump and Projected Spending Increase
Meta Platforms posted its biggest quarterly revenue jump in recent history in the first quarter but said it would spend even more money to build out AI data centers this year than forecast.
AI, Global Security News
IT spending to hit $6.31 trillion record, thanks to AI
Global spending on IT is expected to reach $6.31 trillion in 2026, according to the latest quarterly forecast from Gartner, marking a 13.5% increase from the previous year. The forecast shows that growth is spread across all major segments, though not evenly. Much of the increase is tied to ongoing investment in AI, particularly in…
Global Security News
Intel Sales Rise 7% as AI Agents Drive Growth
Demand from data centers for its CPUs pushed quarterly revenues to $13.6 billion.
Global Security News
Starboard to Push for Big Shake-Up of Tripadvisor’s Board
The travel-site operator’s stock recently fell after quarterly earnings missed analyst expectations.