With mobile technology becoming ubiquitous in recent years, the market leader in networking equipment saw its sales soar in double-digit percentages for much of the last decade. But the market for its products -- switches, routers, WiFi access points, modems and more -- has mostly matured and growth has slowed in recent months.
Sales of its vast array of products are closely monitored by technology analysts as the demand condition for "back-end" equipment can provide clues to the industry's broader financial outlook.
Demand from Asia was particularly weak, with product orders down 3%. Orders from customers in the Americas region grew 5%. Its product orders overall rose 4%.
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