Cisco Systems, Inc. (NASDAQ:CSCO) and NetApp, are the developers of the Flexpod converged infrastructure. However, since the decline in pricing of all flash arrays, the two companies are experiencing an increase in demand for the CI. Much of this enthusiasm is driven by the facts that an all flash data center delivers higher performance and is more agile. One of the latest customers of the Flexpod is Citrix Systems.
Citrix opted for the Flexpod, after it experienced a demand for improved efficiency and further movement of the development operations. Through the Flexpod, the company was able to automate the testing procedure, so they could be done at scale and were found to be more efficient and consistent. Consequently, the company was able to reduce its time to market solutions.
Cisco and NetApp are collaborating with their partners to accelerate the journey of their customers to a modern and more efficient data center. Current users of the system have reported a 200% increase in SQL response times and a 20 times reduction of latency with storage. The two companies expect the solution to implement new standards in management agility, with a 30% decrease in testing time. It has also been reported that the system tends to make the business more efficient with around 75% ROI within 17-months.
Recently, Eastern Bank revealed that it had decreased its stake in CSCO, by 8.1%, during the 4Q2015. On the other hand, Toth Financial increased its position in the company, after purchasing 261,977 shares. Park National and EisnerAmper also boosted their positions in the stock by 2.4% and 10.1% respectively. For the 4Q2015, CSCO reported and EPS of $0.57, this was year-over-year increase of $0.04. Added to this, the company also announced that it would pay a quarterly dividend, on April 27. This was despite the company’s revenues dropping by 0.1% on a year-over-year basis.
Cisco Systems, Inc. (NASDAQ:CSCO) closed at $26.41, after losing 0.71% of its share value and having a trade volume of 18.11 million, during the February 26 session.