This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

How Cisco Intends to Capture the Changing IT Environment

NEW YORK (TheStreet) –– Cisco (CSCO - Get Report)   is expanding its Unified Computing System (UCS) segment, the one area where the networking equipment giant is seeing significant growth as it looks to capitalize on the changing trends in information technology. 

Cisco unveiled the Cisco UCS M-Series Modular Servers for cloud-scale applications, and Cisco UCS Mini for small-scale and enterprise-edge environments, as well as fourth-generation Rack and Blade Servers for application performance. It also introduced new UCS Director solutions to manage "big data" infrastructure workloads.

"Momentum is accelerating at UCS," said Paul Perez, vice president and general manager, Cisco UCS, in an interview with TheStreet. "This is the biggest Cisco announcement to make all year from a tech perspective and the biggest since UCS' inception since 2009."

The Cisco UCS M-Series Modular Server will help businesses operate more effectively with cloud service providers, while the UCS Mini is designed for remote sites, branch offices or smaller IT environments, as mobility plays a greater role in the enterprise.

In Cisco's fiscal second quarter, data center products revenue rose 30% year over year. The gains were led by the UCS, which unifies computing, networking, solid-state application acceleration technology and systems management into a single integrated architecture. Cisco is capitalizing on that with the new announcements to bolster its lineup of more than 36,500 customers. Perez said Cisco has been adding around 1,000 new customers every month for close to a year. Those customers, in turn, are buying other Cisco products to the tune of about $1 billion.

As more and more devices become connected as the era of the Internet of Everything (IoE) is ushered in, there is a huge level of disruption, and the opportunity to create "trillions of dollars," Perez noted. Cisco is intent on being a part of that.

"IT delivery models are changing, and this new portfolio and refresh to UCS will help grow from $3 billion to many more billions. My goal is to be No. 1 worldwide in the new computing market two years from now."

--Written by Chris Ciaccia in New York

>Contact by Email.

Follow @Chris_Ciaccia

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
CSCO $25.34 0.86%
AAPL $110.73 2.80%
FB $88.72 1.70%
GOOG $607.44 1.60%
TSLA $243.13 1.90%

Markets

Chart of I:DJI
DOW 16,265.66 +207.31 1.29%
S&P 500 1,930.72 +16.87 0.88%
NASDAQ 4,687.1290 +51.0240 1.10%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs