Cisco Gives Bullish Revenue Forecast
- Company says all geographies, businesses report sales growth
- Security, collaboration, software provide upbeat performance
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Cisco Systems Inc. gave a strong forecast for the current quarter, signaling confidence that corporations are continuing to spend on the company’s computer networks.
Sales in the fiscal third quarter will increase 4 percent to 6 percent from the same period a year earlier, the San Jose, California-based company said Wednesday in a statement. That indicates revenue of as much as $12.97 billion, compared with an analysts’ average estimate of $12.83 billion.