Sales and profits down as operating expenses jump to pay for cuts

Sales and profits down as operating expenses jump to pay for cuts
Research confirms that hybrid clouds are the way to go but only 3 percent are fully benefiting
No one knows where the axe will fall in the UK yet, with Cisco located here in over a dozen locations
The deal is another piece in the jigsaw for Cisco's expanding cloud service offering
Previous funding round for the flash SDS company raised $35m, now Cisco has joined the party