Cisco sees 'positive signs' despite sales downturn - Mobile World Live

Cisco sees ‘positive signs’ despite sales downturn

20 OCT 2009

Networking giant Cisco has reported revenues of US$8.5 billion for its fiscal fourth quarter (ended 25 July), down 18 percent from a year earlier, while net profit fell to US$1.1 billion from US$2.0 billion a year ago, notes Telecompaper. However, Cisco said it saw a number of “positive signs” during the quarter in the economy and its business, especially on sequential order trends.

 

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