12 Dec 2013

Cisco cuts long-term revenue forecast

Author: Fertile88 | Filed under: News

Cisco Systems forecast slower long-term revenue growth Thursday, citing conservative spending by its customers and uncertainty about the economy in some parts of the world. The company predicted overall revenue growth between 3 percent and 6 percent, stepping back from a long-term forecast of 5 percent to 7 percent that it made in 2011. The new forecast is for a compound annual growth rate over the next three to five years, according to slides from a presentation by Executive Vice President and Chief Financial Officer Frank Calderone at Cisco’s annual financial analyst conference

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Cisco cuts long-term revenue forecast

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