Economics
Cisco Forecasts Miss Estimates as Currency Erodes Growth
- Economic growth concerns limit spending by companies
- Company says Asia, Canada, Latin America regions weaker
Cisco Innovation Has No Technology Religion: CEO Robbins
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Cisco Systems Inc. said weaker global economic growth and the strength of the U.S. dollar are hurting international sales of its equipment that manages Internet traffic, forcing it to dial back forecasts.
Companies in Latin America, Canada and some parts of Asia remain reluctant to spend on new infrastructure as management teams fret over future demand, Chief Executive Officer Chuck Robbins said Thursday.