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General

Brocade revenues up 7% to USD 591 mln in Q3

Friday 26 August 2016 | 14:51 CET | News
Brocade Communications reported revenues up 7 percent from the year before to USD 591 million in its fiscal third quarter to end July, boosted by two months of Ruckus Wireless ownership. However, profits plummeted 89 percent to USD 10.5 million compared to USD 91.7 million in the year-earlier quarter due to acquisition-related items and integration costs. CEO Lloyd Carney described the results as solid in the face of the quarter's mixed macro environment. He also said the acquisition of Ruckus Wireless should help Brocade become a pure-play networking company for the digital transformation

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Categories: General
Companies: Brocade / Ruckus Wireless
Countries: World
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