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Channelnomics Original

Cisco CEO Chuck Robbins

Cisco Sees Red in Pandemic Economy

May 14, 2020

Networking vendor posts declines and issues lower forecast despite increasing demand for products, services

Cisco’s first earnings report since the arrival of COVID-19 came with few surprises, but remains a harbinger of things to come for the technology industry as quarterly revenue declined and the full-year forecast sank despite increasing demand.