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Cisco lowers annual forecasts on slowdown in new orders

By Samrhitha A

Nov 16 2023 11:43AM

Customers focused on implementation, not purchasing.

Cisco lowers annual forecasts on slowdown in new orders

Cisco Systems cut its full-year revenue and profit forecasts in a sign that demand for its networking equipment was slowing, sending the company's shares down nearly 11 percent after market. The company has in recent years grappled with supply chain issues and a post-pandemic slowdown in demand, ...

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