Top Dividend Stock Cisco Bets On Hybrid Computing
March 12, 2015
Grazed from InvestorsBusinessDaily. Author: Scott Stoddard.
Profit and sales growth at Cisco Systems (NASDAQ:CSCO) has picked up as the networking giant pushes into the growing field of hybrid computing with partner Microsoft (NASDAQ:MSFT). Cisco and Microsoft on Wednesday unveiled a joint product aimed at helping cloud service providers reduce costs while rapidly delivering hybrid cloud services.
Hybrid computing allows companies to manage and exchange data stored in-house or in rented public cloud services such as Microsoft’s Azure. The move comes as Cisco and Microsoft seek to compete against rivals such as Amazon (NASDAQ:AMZN) in hybrid cloud computing…
In December, Computerworld cited a forecast by industry analyst IDC as saying the global cloud market — including private, public and hybrid clouds — will rise 23% this year to $118 billion and to $200 billion by 2018.
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