Cisco forecasts declining revenue next quarter, cites 'challenging macro environment'

“Business confidence suffers when there’s a lack of clarity, and there’s been a lack of clarity for so long that I think it kind of just came into play,” Cisco CEO Chuck Robbins told analysts on an earnings call Wednesday, citing global situations like the political unrest in Hong Kong, the U.S.-China trade war, “what’s going on in D.C.,” Brexit and uncertainty in Latin America.