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Brocade Busts Out Q4 Numbers

The future's so bright, we have to wear Fibre Channel shades. And our last fiscal year wasn't too bad either.

That rough paraphrasing was the upshot from Brocade executives on last night's earnings call, in which the bellwether storage vendor posted quarterly revenue of $340 million, up 63 percent from the same period a year ago. Annual revenue for 2007 was more than $1.2 billion, up 65 percent from its last fiscal year. Earnings also beat estimates by $0.03 a share.

Brocade said it had a record quarter for its director products family, and added new interoperability to its 48k director, and pushed performance levels to accommodate the emerging 8-Gbit Fibre Channel market. IBM and HDS also agreed to resell its StorageX File Virtualization products.

Industry analyst Kaushik Roy, research analyst for datacenter technologies at Pacific Growth Equities LLC in San Francisco, pointed out that overall product revenue grew only 1 percent, in contrast to 11 percent last year.

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