Wednesday, November 19, 2008

Brocade Reports Record Q4 Revenue, up 17% YoY

Brocade reported Q4 revenues of $398.5 million, GAAP net income of $38 million or $.10 per share, and net income of $75.8 million or $.20 per share on a non-GAAP basis. In Q4 08, Brocade achieved record revenue, 9% quarter on quarter growth and 17% year on year growth. Revenue for fiscal year 2008 was $1,466.9 million, a growth of 19% over fiscal year 2007. Brocade's total installed base of SAN ports has now reached approximately 19.4 million.

"Q4 was another outstanding quarter for Brocade, where we achieved record revenues and better-than-expected profitability fueled by our product and innovation advantages in our target markets. Our strong performance in Q4 accentuates an overall outstanding fiscal 2008, in which we achieved double-digit growth, expanded our margin and announced exciting plans to expand into additional, larger markets through our planned acquisition of Foundry Networks."