Today,Cisco Systems Inc. reported Cisco have good earnings in the latest quarter.The cisco customers continued to catch up on delayed purchases of networking gear.Cisco CEO John Chambers said the company was seeing signs of the economic recovery slowing down.
Cisco Shares in the world’s largest maker of computer networking gear fell Wednesday as revenue missed Wall Street expectations.
Cisco CEO John Chambers also provided a sales forecast for the new quarter that came in below expectations. The Cisco Systems Inc’s sales are heavily dependent on capital spending at large corporations, phone companies and government agencies across the world, and an uncertain economy means those customers may spend less.