Sunday, November 22, 2009

Brocade Posts Quarterly Revenue of $521.8 Million, up 6% Sequentially

Brocade reported quarterly revenue of $521.8 million, increasing 31% year-over-year and 6% sequentially. For its full fiscal year ended October 31, 2009. Brocade's annual revenues increased 33 percent year-over-year to over $1.95 billion.

"In addition, Q4 saw tremendous momentum as we exceeded the Street's consensus non-GAAP EPS estimates for the seventeenth consecutive quarter, delivered the fastest sequential revenue growth of any large networking vendor, and generated strong cash flows. Looking at 2010, we expect to continue our momentum as we execute our strategy of delivering the highest levels of performance, quality, innovation and choice to the IT market," stated Michael Klayko, CEO of Brocade.

Some highlights for the quarter:

  • Q4 total Storage Area Networking (SAN) port shipments were approximately 1.0 million.

  • Q4 SAN Average Selling Price (ASP) declines were in the low single digits.

  • OEM now represents 65% of revenues compared to 88% a year ago

  • Data storage represents 58% of revenue compared to 84% a year ago

  • Ethernet Products represents 25% of revenues compared to 0% a year ago.