Emulex has reported net revenues of $112.1m for the third quarter of 2011, an increase of 10% compared to $102.2m for the same quarter of last year and a decrease of 2% sequentially.
For the quarter, Host Server Products (HSP) accounted for 76% of net revenues, an increase of 22% year-over-year, and a decrease of 8% sequentially, and 0Gb/s Ethernet accounted for 12% of net revenues.
The Embedded Storage Products (ESP) net revenues were $27.2 million, or 24% of net revenues, a decrease of 16% year over year, and an increase of 25% sequentially.
Operating loss was $16.8m for the quarter compared to an operating income of $5.5m in the prior year quarter.
For the quarter the company posted a net loss of $18.6m, or $0.21 per diluted share compared to net income $13.3m, or $0.16 per diluted share for the third quarter of 2010.
Emulex president and CEO Jim McCluney said he is pleased with their results for the March quarter, delivering revenues at the high end of their guidance.
"HSP revenues for the quarter increased more than 20% from the prior year, with particular strength in our 10Gb/s family of products as we continued to consolidate our early leadership in network convergence. This was complemented by strong sequential growth in our Embedded Storage Products," McCluney said.
"Looking ahead to the fourth quarter, we are modeling for 16% year over year revenue growth at the midpoint of our guidance and we are keenly focused on operational efficiencies to further increase shareholder value."
