In announcing Cisco Systems’ solid quarterly earnings, Cisco CEO John Chambers says the economic recovery in the IT industry is picking up momentum. However, Chambers warns that it could be a slow recovery hindered by setbacks. Cisco generated $9 billion in revenue in the quarter, a 13 percent decline over 2008 but a better showing than analysts had expected.
– Cisco Systems CEO John Chambers Nov. 4
said he was increasingly optimistic that the IT industry and the global economy
as a whole were on the rebound after the worst economic crisis since the Great
Depression.
Speaking with analysts and reporters while announcing the company’s fiscal
2010 first…