NEW YORK (CNNMoney.com) -- The global economic downturn will continue to hammer computer networking giant Cisco Systems Inc., chief executive John Chambers said Wednesday.In its current quarter, Cisco expects to see revenue decline between 15% and 20%, he said in a conference call with analysts.
Analysts expect to see revenue fall by 11% in the third quarter, according to a poll by Thomson Reuters.
Shares of Cisco (CSCO, Fortune 500) dropped about 4% in after-hours trading after adding 22 cents to close at $15.84 in the regular session.
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