Cisco CEO Chuck Robbins said Wednesday that he expects customers will keep spending to keep their technology infrastructure up to snuff — a sentiment at odds with some on the Street who predict a slowdown. "The [Covid] pandemic taught our customers a very important lesson about being prepared with your technology infrastructure. And I think that they're going to continue to spend as much as they can," Robbins told Jim Cramer in an interview.
"Assuming our bookings for the year are even down 10% – which is not what we're forecasting – we would project we'll exit the fiscal year with two to three times our normal year-ending backlog," he said, adding that the company's backlog typically amounts to around $4 to $5 billion dollars. "And then you look at 43% of our business coming from recurring [customers]," Robbins said.
Never heard of FTX it will change you life when you get ripped of by the Democratic party... Go slimballs
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
La source: Forbes - 🏆 394. / 53 Lire la suite »
La source: CNBC - 🏆 12. / 72 Lire la suite »
La source: CNBC - 🏆 12. / 72 Lire la suite »