Ron Burgundy Posted February 11, 2016 Share Posted February 11, 2016 By Sarah McBride SAN FRANCISCO (Reuters) - Networking giant Cisco Systems Inc reported it is weathering a global slowdown in information-technology spending, but signs potential customers are putting some projects on hold exacerbated concerns about broader IT growth. Cisco shares rose 10 percent on Thursday, bucking the overall market after it set a profit target in line with Wall Street expectations despite the weaker spending it noted around the world by businesses. Cisco Chief Executive Chuck Robbins on Wednesday told analysts that customers in January “paused a bit†as they evaluated the economy. View the full article Quote Link to comment Share on other sites More sharing options...
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