Cisco Systems raised annual revenue forecast on Wednesday, a sign of improving demand as the computer networking equipment maker shifts focus to cybersecurity, cloud systems and AI-driven products. Companies have ramped up investments in AI technologies which require heavy computing power,

The company lifted its annual revenue growth forecast to 17%-18% and raised its full-year adjusted Ebitda projection to between $308 million and $313 million.

Singapore's Grab Holdings GRAB.O raised its forecast for fiscal 2024 revenue on Monday (Nov 11), as it anticipates robust growth in its food delivery and ride-hailing businesses. US-listed shares of the company jumped over 10 per cent in extended trading.

Palantir, whose services include providing software to governments that visualizes army positions, posted a 40% rise in U.S. government revenue in the third quarter, which made up more than 44% of total sales of $725.5 million. Analysts on average had expected total sales of $701.1 million, according to data compiled by LSEG.

Grab Holdings raised its forecast for fiscal 2024 revenue on Monday, as it anticipates robust growth in its food delivery and ride-hailing businesses. The company expects revenue in the range of $2.76 billion to $2.

Singapore’s Grab Holdings raised its revenue forecast for fiscal 2024, signaling expectations of strong performance in its food delivery and ride-hailing sectors, particularly during the holiday season.