recession

 

Cisco Meets Profit Expectations; Gloomy Outlook Sparks Tech Stock Upheaval

In an late-afternoon earnings call Wednesday, Cisco Systems Inc. revised its revenue growth forecast for the third quarter down to just 10 percent, with CEO John Chambers noting that the vendor saw a rapid slowdown in December and January orders. Ciscos third quarter revenue will be $9.8 billion, Chambers said, rather than the $10.19 billion […]

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