Cisco Systems shares rise in Europe after forecasts upgrade

The logo of U.S. networks giant Cisco Systems is seen in front of their headquarters in Issy-les-Moulineaux, near Paris, France August 6, 2022. REUTES/Sarah Meyssonnier

Cisco Systems shares were up over 8 per cent in early Frankfurt trading on Thursday, after the company raised full-year forecasts for profit and revenue.

Cisco is betting on robust demand for its networking equipment driven by multi-billion-dollar data centre expansions amid the artificial intelligence boom. 

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