“We have a couple of pockets that we have to fly through,” Mr. Chambers said.
Orders from state governments fell 25 percent compared with a year ago and were 48 percent lower than the previous quarter. Orders from cable operators fell 35 percent from a year ago.
Cisco’s financial performance is considered an important bellwether of corporate technology spending because the company has a broad base of customers. Cisco’s main business is making equipment for telecommunications networks and for routing Internet traffic, though in recent years it has pushed into consumer electronics."
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