Cisco will let customers defer 95% of their payments on new products until 2021 [CNBC]
Cisco Systems, Inc. (CSCO)
Last cisco systems, inc. earnings: 2/12 04:05 pm
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Source: CNBC
Cisco announced a financing program on Tuesday that will let customers defer 95% of their payments for new products until 2021.The move represents a corporate response from one of the largest enterprise technology companies to the business fallout from Covid-19 while unemployment claimsquickly pile upCisco customers won't have to pay for software, hardware or services they buy for 90 days, so long as orders are placed between Tuesday and July 25. After the 90-day period, they pay 1% in the total contract value per month until the end of 2020, according to the company's website. They'll have to make monthly payments in line with the terms of their agreements after that. Pre-owned Cisco products are also available for payment deferrals through 2021.Customers had shown they wanted to know how Cisco could help them obtain technology — to handle remote work or service their own customers — while being uncertain about the future of the economy, Kristine Snow, president of Cisco Capital, tol
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CSCO
Earnings
- 11/12/25 - Beat
CSCO
Sec Filings
- 11/24/25 - Form 4
- 11/24/25 - Form 4
- 11/24/25 - Form 4
- CSCO's page on the SEC website