Earnings Outlook: Cisco earnings should benefit from enterprise spending, but face supply-chain hurdles

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Cisco Systems Inc. could benefit from an enterprise recovery as customers scale their hybrid workspaces, but it isn’t all smooth sailing: The supply chain is still in flux.

That is the story line as the maker of routers, switches, software, and services CSCO — a bellwether for IT demand in the enterprise market — preps to report fiscal first-quarter results under a revamped format on Wednesday. It will be the first report in which Cisco splits product and service revenue into seven new categories: Secure, Agile Networks; Hybrid…