US Economy Is On Rebound: Cisco (CSCO) CEO Tells CNBC
By Benzinga Staff
February 05, 2010 12:02 PM
February 05, 2010 12:02 PM
Cisco (NASDAQ: CSCO) reported robust earnings numbers. Talking with CNBC, Cisco’ CEO John Chambers expressed his confidence about the second phase of economic recovery.
According to him, the economy is likely to witness job growth in the near future. He said that the sharp increase in capital spending is a precursor to job growth in the economy. Cisco is planning to hire 2000 to 3000 workers in the coming quarters.
The CEO also claimed that Cisco has nearly returned to its normal growth rate. The company’s order book saw 11 percent growth in the last quarter.
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