View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
February 22, 2010

Brocade Q1 revenues up 25% to $539.5m

Total SAN port shipments were about 1.2 million

By CBR Staff Writer

Networking gear maker Brocade has reported revenues of $539.5m for the first quarter of fiscal 2010, an increase of 25% compared to $431.6m for the same period last year. Product revenues were $449.09m and service revenue accounted for $90.4m for the quarter.

Adjusted EBITDA was $154.7m, up from $130m in Q4 and $136.7m in Q1 2009. The company posted an operating income of $83.2m for the first quarter of 2010, an increase 277.6% compared to $22.03m for the same period last year.

For first fiscal quarter ended January 30, 2010, the company reported a net income of $51.1m, or $0.11 for the first quarter of 2010, compared to a loss of $23.9m, or $0.06 for the same period a year ago.

Data storage revenues accounted for 65% of the revenues, down decreased seven percentage from 72% in the first quarter of 2009. Ethernet products revenue accounted for 18% of the total revenues, while domestic revenues and international revenues accounted for 63% and 37% of the total revenues, respectevely. Total Storage Area Networking (SAN) port shipments were approximately 1.2 million.

Content from our partners
Sherif Tawfik: The Middle East and Africa are ready to lead on the climate
What to look for in a modern ERP system
How tech leaders can keep energy costs down and meet efficiency goals

Michael Klayko, CEO of Brocade, said: “Brocade’s Q1 performance exceeded consensus non-GAAP EPS expectations for the 18th consecutive quarter thanks to the balance and diversity of our business model, our highly variable cost structure and our ability to execute.

“At the same time, Q1 highlights the work ahead in building our Ethernet business to the levels we expect. Going forward, Brocade plans to reenergise our Ethernet business strategy, which targets opening hundreds of new direct enterprise Ethernet accounts each quarter. As one of two end-to-end networking companies worldwide, we believe Brocade is well-positioned and are optimistic about our ability to take advantage of the expected worldwide growth of networking spending in 2010 and beyond.”

Topics in this article :
Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU