Brocade Posts Revenue of $501 Million, Down 7% Sequentially

Brocade
recorded quarterly revenues of $501 million, down 7.1% sequentially or a decrease of one percent year-over-year, resulting in a diluted earnings per share (EPS) of $0.05 on a GAAP basis and $0.13 on a non-GAAP basis.

“Q2 was highlighted by a strong recovery in our Ethernet business, particularly in the Federal sector, which grew over 160% sequentially. The quarter highlights also included robust end-user demand for our storage networking products, measured on a sell-through basis, driven by positive macro trends such as the growth of the Fibre Channel market,” said Michael Klayko, CEO of Brocade.
http://www.brocade.com