Cisco Systems, Inc. (CSCO) Announces New Carrier Routing System-X (CRS-X) Products
On Wednesday, Cisco Systems, Inc. (NASDAQ:CSCO) announced a new Carrier Routing System-X (CRS-X) product. The CRS-X hits around 10 times the capacity of the CRS-1. The CRS-X is expected to help Cisco increase their cumulative revenue from core routers by 25% to $10 billion within the next 2 years.
The Cisco CRS-X is the latest addition to the CRS Family. It provides unmatched economical scale and investment protection for over 750 telecommunications service providers and organizations including Verizon and SoftBank. The CRS-X router is the third router in the CRS product series.
When the first Cisco CRS router arrived in 2004, the company brought in $8 billion in revenues from the product range according to Cisco director of service provider marketing Stephen Liu.
“Cisco’s flagship networking platforms are designed with investment protection for decades and beyond, unlike other technology providers, which force operators to rip and replace their products on a regular basis. Service providers, large educational and research networks, and government agencies around the world are preparing for the next-generation Internet and the increasing demand for video, collaboration and distributed computing. Cisco CPAK technology and 400 Gbps per slot CRS-X demonstrate Cisco’s commitment to leading the industry in IP core technology and protecting the investment of our existing CRS customers,” stated Surya Panditi, senior vice president and general manager of Cisco’s service provider networking group.
Cisco Systems reported total revenues of over $12 billion in their most recent quarterly report. The CRS-X router can handle up to four times the network traffic than the previous version, known as the CRS-3. The CRS-X can handle ten times more data than the first CRS router that was introduced in 2004.