Friday, 24 March, 2023

Cisco anticipates increased revenue as supply chain pressures lessen

<p>Cisco Systems provided a favorable sales outlook for the first quarter as COVID-19 recovery in China eases supply chain limitations. In extended trading, it boosts the company&#39;s share price by 5% by helping to meet the demand for networking hardware. The findings imply that manufacturers of networking equipment have begun to overcome the component shortage that had prevented them from capturing a post-pandemic rebound in expenditure on digital infrastructure.</p>