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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. 

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Categories: Fixed
Companies: Brocade
Countries: World
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