Cisco Expects Slowdown in Annual Sales Growth, Earnings Gain
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Cisco Systems Inc. executives predicted annual sales growth of 5 percent to 7 percent by 2014, a slowdown from the range of 12 percent to 17 percent the networking-gear maker had been predicting until this year.
The company also forecast per-share earnings growth of 7 percent to 9 percent in the coming three years, and operating margins in the “mid-20s” percentage range, San Jose, California-based Cisco said during a presentation to analysts today. The earnings growth represents an improvement from last quarter’s decline, and the operating margin would be higher than last year’s 19.6 percent.