Intel Xeon E3 1240 's Advantages
Higher base frequency (3.3GHz vs 2.4GHz)
Lower TDP (80W vs 115W)
Intel Xeon E5 2695 v2 's Advantages
Released 2 years and 5 months late
Larger L3 cache size (30MB vs 8MB)
More modern manufacturing process (22nm vs 32nm)