May 14 (Reuters) - Cisco Systems CSCO.O raised its annual revenue forecast on Wednesday, betting on steady demand from cloud customers for its networking equipment, driven by the artificial intelligence boom.
The company expects its revenue to be between $56.5 billion and $56.7 billion for fiscal 2025, compared with its prior forecast of $56 billion to $56.5 billion.
Analysts, on average, expect $56.47 billion, according to data compiled by LSEG.
(Reporting by Juby Babu in Mexico City; Editing by Alan Barona)
((Juby.Babu@thomsonreuters.com))
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