Cisco CEO: We have really cleared our backlog over the last quarter

In an interview on CNBC’s Mad Money, Chuck Robbins said due to all of the inventory shipped in Q1, customers have not been able to absorb it. He expects things to improve in 2H24. “There are a lot of positives in the second half of the year,” he noted. The company has “effectively passed” the antitrust scenario with respect to the Splunk acquisition, he said.