Cisco Systems reported a higher profit in the fiscal fourth quarter as the company continued to receive billions of dollars in orders from artificial-intelligence hyperscalers.

The network-equipment company on Wednesday reported a profit of $3.86 billion, or 97 cents a share, in the quarter ended July 25. That compares with a profit of $2.55 billion, or 64 cents a share, a year earlier.

Stripping out certain one-time items, adjusted earnings were $1.22 a share, compared with the $1.17 a share analysts were expecting, according to FactSet.

Revenue grew to $17.25 billion, up from $14.67 billion a year prior. Analysts polled by FactSet were expecting $16.84 billion.

Product revenue rose 24% year over year, while services revenue was flat.

The company said it took in $4 billion worth of AI infrastructure orders from hyperscalers in the fourth quarter, bringing its total for the fiscal year to $9.3 billion.

For fiscal year 2027, the company guided for adjusted earnings of between $5.05 and $5.11 a share, on revenue between $72.2 billion and $73.4 billion.

Analysts currently expect full-year adjusted earnings of $4.83 a share on $69.12 billion in revenue.

For the current first quarter, Cisco projected adjusted earnings per share in a range of $1.32 to $1.34, with revenue between $18 billion and $18.2 billion.

Analysts are expecting $1.16 a share in adjusted earnings with $16.83 billion in revenue.

Cisco in May said it plans to cut fewer than 5% of its workforce, representing thousands of employees, to put more resources toward AI. It said the restructuring was expected to cost up to $1 billion.