Cisco Systems has forecast a steep drop in revenue. The company said that it expected an 8-10 per cent fall in current-quarter revenue.

Cisco reported lower-than-expected revenue for the quarter ended October 26th mainly due to a fall in sales to telecom and cable service providers and in emerging markets.

Cisco Chief Financial Officer Frank Calderoni said the company was affected by a political backlash in China, – after US authorities banned Chinese network products – but it was difficult to quantify how much of its revenue shortfall was due to the issue.

Other posts by :

1. Major banks support AST SpaceMobile
2. Fitch downgrades DirecTV debt
3. BBC: You’ll miss me when I’m gone
4. Some new US Starlink subs face $1,000 start-up fee
5. Project Kuiper beating OneWeb
6. OQ Tech gets Luxembourg 5G-by-Sat concession
7. Roskosmos: Heads roll, launch project scrapped
8. MDA under pressure over satellite order
9. SES backs C-band action from FCC

Categories: Articles, Business, Results