Tuesday, August 12, 2008

Brocade Reports Quarterly Revenue of $365.7 million

Brocade reported quarterly revenue of $365.7 million, compared with $354.9 million in the preceding quarter and $327.5 million in the same period last year. GAAP net income was $20.3 million, compared with $91.4 million in the preceding quarter and $10.7 million in the same period last year.

Some highlights for the quarter:

  • Brocade achieved record revenue and double-digit annual growth in a typically slower period.


  • The company achieved record quarterly revenue in its switch business, embedded blade switch product line and its Services Business Unit.


  • The company's total installed base of SAN ports was approximately 18.3 million.


  • Average Selling Price (ASP) declines were in the low single digits compared to the previous quarter.


  • Net stock-based compensation expense was $11.9 million and has been excluded from the Company's non-GAAP results.


  • During the quarter, Brocade announced its intent to acquire Foundry Networks. The deal will position Brocade as a leading provider of enterprise and service provider networking solutions, with products from the Internet to the heart of data centers.



http://www.brocade.com

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