Cisco Systems (CSCO)

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Cisco commits $225 million to global coronavirus response
By: MarketWatch | March 22, 2020

Cisco Systems Inc. CSCO, -5.59% on Sunday said it will commit $225 million toward aiding the global response to the coronavirus pandemic. In a blog post, Chief Executive Chuck Robbins said the network-equipment company will allocate $8 million in cash and $210 million in product to local and international health-care, education and government groups, including the United Nations Foundation's COVID-19 Solidarity Response Fund. The product offerings include free video conferencing and security products. "Cisco must, and will, do even more to help others respond to this global pandemic," Robbins wrote. "In addition, we are rallying our 77,000 employees and encouraging them to give what they can to help our community partners on the front lines bolster their operations in this time of need."

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