Future Tech
Cisco cuts full-year revenue forecast
Cisco Systems cut its annual revenue forecast on Wednesday, a sign that demand for its networking equipment was slowing in an uncertain economy.
For the full year, the company said it expects revenue between $53.8 billion and $55.0 billion, and adjusted per-share earnings between $3.87 and $3.93.
Cisco had previously forecast annual revenue of $57.0 billion to $58.2 billion, and adjusted per-share earnings of $4.01 to $4.08.
- Reuters
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