$CSCO just dropped a pretty clean beat after the bell. Record fiscal Q1 revenue was $18.5 billion, up 24% and ahead of consensus near $18.1 billion. Non-GAAP E

$CSCO just dropped a pretty clean beat after the bell. Record fiscal Q1 revenue was $18.5 billion, up 24% and ahead of consensus near $18.1 billion. Non-GAAP EPS came in at $1.40 vs. about $1.33. Networking grew 43%. The catalyst is AI demand actually hitting the P&L: management raised the outlook …