The convulsive economic situation that affects all economic sectors, and especially technology companies, has led to Cisco to announce a new financial program that encourages its clients to buy your products and services before July 29, 2023 and not start paying them until 2024. Said payments would be based on the total amount financed and the terms established in the contract. It’s about the program Capital Business Acceleration.
Services Cisco provides under this innovative program include hardware, software, select partner services, and third-party hardware. The acquisition of used equipment will also be available in the catalog of Cisco Refresh. In this way, the company advocates maintaining the productivity and profitability of the business. (freebasstranscriptions.com)
Despite everything, Cisco promotes this new program due to the tendency that exists among users, especially among large cloud providers, of not acquiring as many services and systems as expected. The economic recession situation means that orders made during the first quarter of 2022 are currently being delivered to customers. Company reserves are declining considerablymainly due to the increase in stock and the reduction in delivery times.
The keys to the new program
Cisco Capital Business Acceleration empowers customers with business continuity and a unique competitive advantage. Among its advantages stands out the minimization of IT cash outlaysalthough for this the minimum order size must be $50,000.
guarantees the IT strategy acceleration, maintaining competitiveness and business agility in a fluctuating economic environment. Similarly, allows you to meet indeterminate market conditionsSo no matter how it was found, the company’s IT strategy would not be affected. However, it should be noted that the payment solutions, the applicable financiers and the availability of the programs referred to will vary by jurisdiction.
The complex situation of the sector
According to the consulting firm Gartner, it is estimated that global spending on IT is of 4.6 trillion dollars in 2023, that is, 5.5% more than in 2022, a notable economic improvement that will end up affecting all regions of the world. That growth in IT spending will combat rising GDP and inflation in many countries, as companies like Cisco continue to drive digital transformation.
Rami RahimCEO of Juniper Networks, ensures that it is a problem that affects all companies in the sector. These delays in orders are having a negative impact on cloud business figures, although there is an optimistic view that it could be one-off delays with a long-term growth outlook. Covering the needs of customers, after the excessive demand of 2022, spending restraint was expected.
However, it will have to wait until May 17 for Cisco to announce their third quarter data and really look at the impact that the economic slowdown and production surplus will have on the company’s bottom line.
Cisco’s new cybersecurity solution
Within its consolidation strategy in the IT market, Cisco presented its new solution Extended Detection and Response (XDR)which combines the experience and visibility of the company in networks and terminals and is capable of detecting possible threats, offering efficient and immediate responses.
This novelty, included in Cisco SecurityCloud, is expected to be available from July 2023, enabling security operations centers (SOCs) to defeat threats through automation based on risk analysis and testing. This eliminates lengthy investigation periods, tackling the problem before significant damage is done.
Cisco XDR is based on telemetry data and provides rigorous data in a matter of minutes. For this part of six critical telemetry sources: terminals, network, firewall, email, identity and DNS. In addition to native Cisco telemetry, it uses external suppliers to share data, extend interoperability, and provide consistent results.
