Cisco expects a 10% decrease in revenue this quarter due to NSA scandal

Rocco Penn November 14 Politics

Cisco is expecting a 10% decrease in revenue this quarter due to the NSA scandal and the company’s involvement in U.S. spying.

Cisco Systems warned its revenue would dive as much as 10% this quarter, and keep contracting until after the middle of 2014, as a backlash against US government spying contributes to plummeting demand in emerging markets like China.

Written by Rocco Penn

A tech blogger, social media analyst, and general promoter of all things positive in the world. "Bring it. I'm ready." Find me on Media Caffeine, Twitter, Facebook, and Google+.
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