Cisco Systems Inc (CSCO) Chief Executive John Chambers said on Tuesday he has grown more confident in the company's long-term revenue growth target of 12 percent to 17 percent, despite worries about the U.S. economy.
Chambers told a Morgan Stanley conference the network equipment maker will hit some "bumps" in the U.S. economy, but such bumps would likely be both short-lived and "shallow."
Chambers added: "I am even more comfortable with the long-term 12 to 17 percent growth than I was a month or two ago."
He also added that Cisco would continue to be aggressive in acquisitions.
