Network Computing is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Brocade Busts Out Big Numbers

Boosted by sales of DCX and its 8-Gbit/s switch offerings, Brocade posted Q3 revenues of $365.7 million this morning, a 12 percent hike on the same period last year and well above analyst estimates of $351.7 million.

Q3 was an outstanding quarter as Brocade returned to double-digit growth,” said the company’s CEO Mike Klayko during a conference call this morning. “We firmly expect the DCX backbone will continue to ramp [and] our record switch business was driven by strong demand for our 4-Gig and 8-Gig switches.”

Brocade does not break out specific product revenues, although the DCX directors, which were launched earlier this year, already account for almost a third of the vendor’s high-end director business.

The vendor reported earnings of 5 cents per share on $20.7 million, up from 3 cents and $10.7 million in the same period last year. On a non-GAAP basis, Brocade reported earnings of 16 cents on $61.2 million, compared to 12 cents and $49.5 million in the third quarter of 2007. Analysts had estimated non-GAAP EPS of 14 cents.

Brocade was widely expected to continue the current run of solid financials from key storage vendors such as EMC, HP, and IBM.

  • 1