Brocade Reports Q4

Friday, 26 November 2010 13:05

Brocade today reported financial results for its fourth fiscal quarter and full fiscal year ended October 30, 2010. Brocade recorded quarterly revenues of $550 million, an all-time record for the company in terms of revenue, representing an increase of over nine percent quarter-over-quarter, resulting in diluted earnings per share (EPS) of $0.05 on a GAAP basis and $0.14 on a non-GAAP basis. Brocade attributed the record performance to a number of factors including an all-time company high in revenue for its Ethernet business, which is composed of products and services. On a quarterly basis, Brocade also experienced strong sequential revenue growth in its storage networking business as well as solid performances from its Americas and Asia Pacific operations. "We are pleased with our Q4 performance which drove record revenues, growth in our Ethernet business and a strong finish to fiscal 2010," said Michael Klayko, CEO of Brocade. "Looking forward to FY11, we are particularly excited about Brocade’s successful launch of the industry’s first Ethernet fabric products and technologies, which we believe will serve as a catalyst for customers to rapidly migrate to virtualized data centers and cloud-optimized networks." Brocade Communications Systems Inc