Cisco Forecast Suggests Tempered Optimism for Tech Sector
Cisco Systems doesn’t want Wall Street to interpret its forecast for its first quarterly revenue growth in a year as evidence that the U.S. and other economies are roaring back. A slow improvement in orders is under way, but the pace is still slow and the recovery is fragile, executives told analysts Wednesday. “There’s still uncertainty in the economy on a global basis,” said Cisco CFO Frank Calderoni. “It’s not completely back to normal levels, and with that kind of uncertainty, you really have to take things quarter by quarter.”
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Cisco Forecast Suggests Tempered Optimism for Tech Sector
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