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DewDiligence

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DewDiligence

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Re: DewDiligence post# 26932

Thursday, 02/16/2023 2:13:08 PM

Thursday, February 16, 2023 2:13:08 PM

Post# of 30495
CSCO is another no-recession data point:

https://www.wsj.com/articles/cisco-csco-q2-earnings-report-2023-db10c06d

[FY2Q23] Revenue increased 7% to $13.59 billion. Cisco in November forecast between 4.5% and 6.5% growth for the second quarter. Analysts polled by FactSet expected $13.42 billion.

For the current fiscal year [ending 7/31/23] Cisco now expects revenue to rise between 9% and 10.5% year-over-year. …The company’s outlook is up from its previous guidance of revenue growth between 4.5% and 6.5%...

p.s. DE reports FY1Q23 earnings tomorrow.

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