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 […]

1 3 4 5
The ID is: 76652