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Posts Tagged ‘Cisco Systems Inc’

Cisco warns US spying fallout hitting revenue in China

14
Nov
2013

By Sinead Carew NEW YORK (Reuters) – Cisco Systems Inc warned its revenue would dive as much as 10 percent this quarter, and keep contracting until after the middle of 2014, as a backlash against U.S. government spying contributed to plummeting demand in emerging markets like China. The hit comes after former U.S. spy agency […]

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Cisco warns of big second quarter revenue drop, shares fall

14
Nov
2013

By Sinead Carew NEW YORK (Reuters) – Network equipment maker Cisco Systems Inc warned that its revenue would decline between 8 percent and 10 percent in its second fiscal quarter, sending its shares down almost 10 percent in late trade. Chief Executive John Chambers blamed weak demand in emerging markets such as China, saying companies […]

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