Cisco Europe isn’t experiencing the same softness in sales in the financial sector as it is in the United States, according to a story by Reuters.
Reuters quotes Nick Earle, head of Cisco’s service business in Europe as telling the audience at Morgan Stanley Technology, Media and Telecoms conference in Barcelona: “I can’t guarantee that we won’t. I can only say that we didn’t.”
Despite posting a 35% growth in profits for its fiscal first quarter results, Cisco suffered declining sales from its largest 25 customers – eight of which are financial services companies.
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