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Cisco cuts full-year revenue forecast

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Cisco cuts full-year revenue forecast
November 15, 2023
Reuters

(Reuters) - Cisco Systems cut its annual revenue forecast on Wednesday, a sign that demand for its networking equipment was slowing in an uncertain economy.

For the full year, the company said it expects revenue between $53.8 billion and $55.0 billion, and adjusted per-share earnings between $3.87 and $3.93.

Cisco had previously forecast annual revenue of $57.0 billion to $58.2 billion, and adjusted per-share earnings of $4.01 to $4.08.

(Reporting by Samrhitha Arunasalam in Bengaluru; Editing by Shounak Dasgupta)

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