In the quarter ending January 23, 2010, Cisco said its net sales rose 8% to 9.8 billion US dollars thanks to particularly strong growth in its switches business. Cisco said that it is seeing a strong recovery in capital spending among its customers and expects its revenues to increase between 23% and 26% year-on-year in the current quarter.
John Chambers, Cisco's CEO, said: "We would expect, with all the appropriate caveats about the continued economic recovery, to add between 2,000 to 3,000 people to Cisco in the next several quarters." source: Cisco prepared remarks.
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