(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)
