Thursday, November 14, 2013

Cisco Earnings: Revenue Heads Downward -

In other enterprise IT tectonic plate-shift news...
"A slowdown in Cisco Systems Inc.'s business is turning into a tailspin, hobbled by weak demand in China and other emerging markets.
The Silicon Valley network-equipment giant on Wednesday said revenue rose just 1.8% in its first fiscal quarter, compared with its projection of 3% to 5% growth. Cisco followed up by projecting a decline of 8% to 10% in the current period, an unusually grim forecast for a company seen as a bellwether for corporate technology spending."
Cisco Earnings: Revenue Heads Downward -

No comments: