Cisco to Allow Customers to Defer Paying for Products
April 14 2020 - 8:46AM
Dow Jones News
By Micah Maidenberg
Cisco Systems Inc. said its vendor-financing arm will offer
customers a payment holiday and the ability to defer costs of
buying new products or services into next year.
The technology company said Tuesday it will let clients put off
paying for products for 90 days and permit them to defer 95% of the
cost for products until 2021. The program covers all Cisco
software, hardware and services, the company said.
In January 2021, customers would start to make monthly payments,
Cisco said.
"Cash flow is a top concern for Cisco customers and partners in
the current environment," the company said.
Write to Micah Maidenberg at micah.maidenberg@wsj.com
(END) Dow Jones Newswires
April 14, 2020 08:31 ET (12:31 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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