Disk Cached IO very slow

I have two boxes with exactly same hardware configuration. Both having RAID0 (created using mdadm) over SATA disks. But I am getting different cached reads while testing using hdparm command.

$ hdparm -tT /dev/sda

/dev/sda:
 Timing cached reads:   924 MB in  2.00 seconds = 462.20 MB/sec
 Timing buffered disk reads: 290 MB in  3.04 seconds =  95.44 MB/sec

While on the other box,

$ hdparm -tT /dev/sda

/dev/sda:
 Timing cached reads:   18404 MB in  2.00 seconds = 9201.42 MB/sec
 Timing buffered disk reads: 322 MB in  3.00 seconds = 107.18 MB/sec

Can someone help me in solving this issue. Why I am getting low cached reads on one of the server. Is there any BIOS settings handling this ?

Edit 1:

I tried perf tool on both the machines.

Output on the box where issue is coming:

# perf stat dd if=/dev/zero of=/dev/null count=1000000
1000000+0 records in
1000000+0 records out
512000000 bytes (512 MB) copied, 6.22039 s, 82.3 MB/s

Performance counter stats for 'dd if=/dev/zero of=/dev/null count=1000000':

    5692.357502  task-clock-msecs         #      0.913 CPUs
             72  context-switches         #      0.000 M/sec
              7  CPU-migrations           #      0.000 M/sec
            220  page-faults              #      0.000 M/sec
      975469183  cycles                   #    171.365 M/sec
     1374701843  instructions             #      1.409 IPC
          65350  cache-references         #      0.011 M/sec
          17986  cache-misses             #      0.003 M/sec

Output on the other box:

$ perf stat dd if=/dev/zero of=/dev/null count=1000000
1000000+0 records in
1000000+0 records out
512000000 bytes (512 MB) copied, 0.280017 s, 1.8 GB/s

 Performance counter stats for 'dd if=/dev/zero of=/dev/null count=1000000':

     278.388839  task-clock-msecs         #      0.994 CPUs
              0  context-switches         #      0.000 M/sec
              0  CPU-migrations           #      0.000 M/sec
            220  page-faults              #      0.001 M/sec
      725024593  cycles                   #   2604.359 M/sec
     1371073131  instructions             #      1.891 IPC
          15921  cache-references         #      0.057 M/sec
           1847  cache-misses             #      0.007 M/sec

I didn't understand why there are so many context switches and value of task-clock-msecs is also high. Can someone please help me in debugging further.

Edit 2:

I am getting the following output for smartctl command:

# /usr/local/sbin/smartctl -i /dev/sda
smartctl 6.2 2013-07-26 r3841 [x86_64-linux-2.6.32-5-amd64] (local build)
Copyright (C) 2002-13, Bruce Allen, Christian Franke, www.smartmontools.org

=== START OF INFORMATION SECTION ===
Device Model:     ST91000640NS
Serial Number:    9XG40W61
LU WWN Device Id: 5 000c50 050920a25
Add. Product Id:  DELL(tm)
Firmware Version: AA09
User Capacity:    1,000,204,886,016 bytes [1.00 TB]
Sector Size:      512 bytes logical/physical
Rotation Rate:    7200 rpm
Device is:        Not in smartctl database [for details use: -P showall]
ATA Version is:   ATA8-ACS T13/1699-D revision 4
SATA Version is:  SATA 3.0, 3.0 Gb/s (current: 3.0 Gb/s)
Local Time is:    Sun Sep 29 00:03:33 2013 IST
SMART support is: Available - device has SMART capability.
SMART support is: Enabled


# /usr/local/sbin/smartctl -i /dev/sdb
smartctl 6.2 2013-07-26 r3841 [x86_64-linux-2.6.32-5-amd64] (local build)
Copyright (C) 2002-13, Bruce Allen, Christian Franke, www.smartmontools.org

=== START OF INFORMATION SECTION ===
Device Model:     ST91000640NS
Serial Number:    9XG41K1L
LU WWN Device Id: 5 000c50 05093c434
Add. Product Id:  DELL(tm)
Firmware Version: AA09
User Capacity:    1,000,204,886,016 bytes [1.00 TB]
Sector Size:      512 bytes logical/physical
Rotation Rate:    7200 rpm
Device is:        Not in smartctl database [for details use: -P showall]
ATA Version is:   ATA8-ACS T13/1699-D revision 4
SATA Version is:  SATA 3.0, 3.0 Gb/s (current: 3.0 Gb/s)
Local Time is:    Sun Sep 29 00:03:33 2013 IST
SMART support is: Available - device has SMART capability.
SMART support is: Enabled