• 11/30/2000
    4:36 AM
  • Network Computing
  • News
  • Connect Directly
  • Rating: 
    0 votes
    Vote up!
    Vote down!

Brocade Sews Up a Good Quarter

SAN vendor projects it will see $830 million in revenues next fiscal year
During Brocade Communications Systems Inc.s (Nasdaq: BRCD) fourth-quarter earnings call Wednesday, CEO Greg Reyes tried to see how many times he could say “heterogeneous block-data networking” in a single day.

However annoying it may sound, the Reyes mantra is an important step for Brocade as it implies the company is working with several technologies to connect their customers' storage area networks (SANs) using optical technologies. More on that later.

As for the numbers, Brocade delivered impressive results (see Brocade Announces Q4, Stock Split). Its fourth quarter revenues rose to $132.1 million from $30.1 million in the year-ago quarter. Brocade earned $27.2 million in the quarter, up from $3.6 million a year ago, and its net earnings per share climbed from $0.03 to $0.22 a share (see Brocade's Business Booms).

Wall Street analysts expected Brocade to earn $0.20 per share with revenues of $118.9 million.

For its fiscal year 2000, Brocade generated $65.7 million in cash, invested $40.7 million in capital equipment, and made minority investments totaling $14.3 million. Brocade will begin fiscal year 2001 with $155 million in cash.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.

Log in or Register to post comments