Cisco cuts long-term revenue growth target to 3-6 percent
NEW YORK (Reuters) - Cisco Systems Inc on Thursday cut its longer-term revenue growth target to a range of 3 percent to 6 percent per year from its previous range of 5 percent to 7 percent.
Chief Financial Officer Frank Calderoni cited macro-economic pressure in emerging markets, conservative customer budgets and service provider market dynamics for the change.
(Reporting by Sinead Carew; Editing by Gerald E. McCormick)
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