A visitor walks past a Cisco advertising panel as she looks at her mobile phone at the Mobile World Congress in Barcelona February 27, 2014. REUTERS/Albert Gea
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Cisco Systems Inc., which makes machinery that carries most of the world's internet data, gave a bullish forecast for sales and profit, indicating firms are spending to upgrade their computer infrastructure.Adjusted profit in the quarter ending in April will be as much as 66 cents a share, the company said.Cisco is one of the richest companies in the technology industry.Cisco took a charge of $11.1 billion related to new tax laws, leading to a net loss of $1.78 a share in the second quarter.Robbins is trying to restore the growth that once made Cisco the biggest company in technology.Infrastructure platforms, which includes Cisco's main switch and router businesses, had sales of $6.7 billion, up 2 percent from a year earlier.
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