Brocade posts Q1 results better than expected

Thursday 18 February 2016 | 08:47 CET | News
Brocade reported revenues of USD 574 million for is fiscal first quarter to January, flat year-over-year and down 2 percent quarter-over-quarter. Net earnings rose to USD 0.23 per share, up from USD 0.20 in Q1 2015. Adjusted EPS rose over the same period to USD 0.29 fro USD 0.27, well ahead of the company's guidance. Brocade said earnings were boosted by 2 cents a share thanks to tax benefits. CEO Lloyd Carney said the results were better than expected, particularly SAN revenue, driven by strong customer demand for Fibre Channel storage array capacity. 

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Fixed
Companies: Brocade
Countries: World
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Brocade revenues up 7% to USD 591 mln in Q3

Published 26 Aug 2016 14:51 CET | World
Brocade Communications reported revenues up 7 percent from the year before to USD 591 million in its fiscal third quarter to end ...

Brocade verlaagt guidance voor Q2

Published 03 May 2016 07:09 CET | World
Brocade heeft de voorlopige cijfers voor zijn tweede fiscale kwartaal 2016, eindigend 30 april, bekendgemaakt. Het netwerkbedrijf ...

Brocade to acquire Ruckus Wireless for USD 1.5 billion

Published 04 Apr 2016 15:19 CET | World
Brocade Communications has announced an agreement to acquire Wi-Fi equipment maker Ruckus Wireless in a cash and stocks deal ...

Brocade to present virtual EPC at MWC

Published 16 Feb 2016 17:25 CET | World
Brocade announced new offerings to help mobile operators re-architect their networks to support 5G services and introduce new ...

Brocade to show off mobile networking partnerships

Published 16 Feb 2016 17:04 CET | World
Brocade announced new technology partnerships for mobile networking that leverage software-defined networking (SDN), network ...

Brocade revenues lift 4% to USD 589 mln in Q4

Published 24 Nov 2015 10:48 CET | World
Networking virtualisation and data storage provider Brocade said revenues for its fiscal fourth quarter to end October reached ...