Cisco shares fell 6.5% in extended trading. The stock closed at $48.10 in New York earlier. A large chunk of Cisco's revenue comes from government agencies, small and medium-sized businesses and providers of internet and online video services. While some larger companies are still spending, many smaller customers have cut spending to adjust to an economic slowdown sparked by Covid-19 lockdowns. Related: The COVID-19 Pandemic's Impact on Cloud Revenue Is a Mixed Bag In Cisco's Americas region, where sales dropped 12%, demand hasn't improved in the last 90 days and the U.S. needs Congress to provide another stimulus package, Robbins said in an interview. "As you move down the customer stack, things just get weaker and weaker as the customers get smaller and smaller because they just don't have the financial wherewithal," he said. "This country is still driven by small and medium-sized business for hiring and everything else. I'm concerned about what happens next."