Cisco's secret weapons are our engineers and our commitment to innovation that solves our customers' business problems.

When we committed ourselves to being the leader in networking virtualization in the service provider industry, our team has been maniacally focused on Network Function Virtualization (NFV) to enable our customers to transform their network architectures and prepare their businesses for the future.

We doubled the number of virtualized functions last year, and have done the same again this year, to reach more than 100 -a number that represents the breadth of our portfolio and the scope of the opportunity this new approach to networking brings to service providers.

Today was an important validation of our commitment to NFV and another strong proof point as to how virtualization is moving beyond "proof of concept" and into the largest networks on the globe. Together, with AT&T, we announced that our two companies are collaborating to enhance the AT&T Network on Demand platform by developing and deploying advanced virtualized technologies, including software-based customer premise equipment (CPE), that will deliver expanded benefits to business customers.

AT&T is utilizing Software Defined Networking (SDN) and NFV technologies to create dynamic, on-demand services. In March, we announced our joint efforts with virtualization to connect cars in Europe, and are pleased that we can work again with our long-standing partner, as they lead the shift to next-generation networking by providing customers more flexible and scalable services and experiences.

AT&T and other trailblazing service providers are in an enviable position, bringing together people, processes, data, and things to make networked connections more relevant and valuable than ever before.

By combining Cisco's expertise and industry-leading portfolio with AT&T's vision and industry leadership, together we are working to capture new business opportunities that deliver on the promise of virtualization.