Brocade Communications (BRCD) Tops Q1 EPS by 3c

Brocade Communications (NASDAQ: BRCD) reported Q1 EPS of $0.27, $0.03 better than the analyst estimate of $0.24. Revenue for the quarter came in at $576 million versus the consensus estimate of $569.75 million.

“We delivered double-digit revenue growth in IP Networking year-over-year and one of the strongest SAN quarters in company history, resulting in increased profitability,” said Lloyd Carney, CEO of Brocade. “With a strong focus on the data center, we continue to invest strategically in disruptive technologies to build a portfolio of solutions that capitalize on the opportunities afforded to first-movers in the New IP era.”

For earnings history and earnings-related data on Brocade Communications (BRCD) click here.

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