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CLAIM #17781 · CSCO (CSCO) · 2025Q1 earnings call · Nov 13, 2024 · due Jul 31, 2025

But this has been the same pattern we've seen for a few quarters now. And so, I think it's, to some extent, in preparation for it, but the last part of your first question, I would say that the majority of this build out is still way ahead of us on the enterprise side.

Chuck Robbins · CEO

CANNOT_DETERMINE
versus commitment · official band 5 percent
Committed
the majority of this build out is still way ahead of us on the enterprise side
Reported
I don't believe we've seen the meaningful benefit of that partnership yet, and we've got some good development that's been completed

In context

of revenue realization in the year? Is revenue realization maybe even a bit higher than you thought initially in terms of timing? Thank you. Chuck Robbins: Thank you. So, on the data center switching side, I think what it shows is that, clearly, our customers continue to be balanced between which workloads they move to the public cloud and which they move -- they build into the private infrastructure. We do see customers that are in -- that are generally modernizing their infrastructure. We talked about this last quarter. We see enterprise customers who are -- even when they're unsure about what AI applications they may deploy six, nine, 12 months from now, they do know that they need modern infrastructure to be prepared to do so, and we're seeing them forward invest to get ready for it. But this has been the same pattern we've seen for a few quarters now. And so, I think it's, to some extent, in preparation for it, but the last part of your first question, I would say that the majority of this build out is still way ahead of us on the enterprise side. On the second question relative to AI orders and the fact that I think we're on track to exceed the $1 billion, the one comment I'd make on the orders, and I'll let Scott speak to the revenue implications. I think that these customers, it's a very dynamic market, and they have a lot of rapidly changing requirements. And so, as we see these opportunities arise and we get designed in. So, when we get the design wins as we talk about, then, ultimately, they become bookings and then ultimately they become revenue. In many cases, a design win means that they have confidence that we can actually design a piece of silicon that they're looking for, we put it into a system, we deliver the system. And so, the timing varies depending on what we want from them. And so that's why you're going to see t

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SEC filings for CSCO · Claim quote is verbatim from the 2025Q1 earnings call.