Skip to main content

Cisco forecast knocked by supply chain snags, shares fall

Cisco Systems Inc forecast current-quarter revenue below expectations as supply chain shortages and delays drive up costs. Shares of the network gear maker fell 6.3% in extended trading after it said it expects second-quarter revenue to grow 4.5% to 6.5% year-over-year, compared with Wall Street expectations of about 7.4%.

from Gadgets Now https://ift.tt/3DI3Y8l

Comments

Popular posts from this blog

TCL 10 Pro and 10L will get Android 11 and two years of security updates

Back in April TCL made the 10 Pro and 10L official, and they went on sale earlier this month. These are the two Android smartphones that the company is primarily using to make a name for itself outside of China. While TCL has made a lot of Alcatel and BlackBerry branded handsets over the years, few people in the Western world know about it in this respect. Neither the 10 Pro nor the 10L are proper flagship devices, instead TCL is apparently emulating HMD Global's initial strategy with the revived Nokia brand - go after the mid-range first. Though nowadays even in that price segment,... from GSMArena.com - Latest articles https://ift.tt/3gf1B1q via