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Cisco jumps onto bandwagon in the cloud

Cisco Systems (CSCO) plans to invest $1B over the next two years on a new cloud computing service similar to Amazon Web Services (AMZN).

Cisco Cloud Service has already snagged partners, including Australian telecom operator Telstra and Canada's Allstream.

Cisco intends to focus on big corporations and government agencies, and optimize its services to work with software from companies such as SAP, Microsoft and VMware.

The introduction of the cloud service comes as Cisco looks to revive falling revenues.

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Comments (5)
  • Dr Joseph Haluska
    , contributor
    Comments (527) | Send Message
    CISCLOUD just might be the C-change this company needs....IMO.
    24 Mar 2014, 03:53 AM Reply Like
  • MohanTX
    , contributor
    Comments (116) | Send Message
    Another company jumping into cloud based services. So, many companies in this space, will make profit margins lesser...Much lesser.


    Incremental profits may not be that significant....IMO.


    IBM will sell its Cloud business to Lenovo...within next six months..HA HA.


    IBM may not be able to generate incremental sales and profits...
    24 Mar 2014, 07:03 AM Reply Like
  • manfredthree
    , contributor
    Comments (2663) | Send Message
    Another paradighm shift in progress. We were recently taken by surprise with the TV Award regarding ALU's entry into Cloud based DVR. More pieces, more parts, a whole lot of spin-off business for CSCO again at the interface end.
    24 Mar 2014, 08:08 AM Reply Like
  • Transcripts&10-K's
    , contributor
    Comments (1154) | Send Message
    Something that isn't talked about much is how Amazon's seemingly endless foray into new businesses may affect the success of AWS; companies in many industries beyond retail may think twice before selecting the services of a competitor (think foodservice for PepsiCo back when they owned what is now Yum! Brands).


    From Amazon's own 10-K, here's a list of some of the people who are unlikely to use AWS: "Our current and potential competitors include: (1) physical-world retailers, publishers, vendors, distributors, manufacturers, and producers of our products; (2) other online e-commerce and mobile e-commerce sites, including sites that sell or distribute digital content; (3) media companies, web portals, comparison shopping websites, and web search engines, either directly or in collaboration with other retailers; (4) companies that provide e-commerce services, including website development, fulfillment, customer service, and payment processing; (5) companies that provide information storage or computing services or products, including infrastructure and other web services; and (6) companies that design, manufacture, market, or sell consumer electronics, telecommunication, and electronic devices."
    24 Mar 2014, 09:33 AM Reply Like
  • Budavar
    , contributor
    Comments (1398) | Send Message
    Can anyone please enlighten =
    does Cisco's $One B entry into the cloud business =
    any negative affect on AMZN?
    24 Mar 2014, 09:43 AM Reply Like
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